Harbour Investments Inc. Raises Holdings in Walmart Inc. (NYSE:WMT)

Harbour Investments Inc. increased its position in Walmart Inc. (NYSE:WMT) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,709 shares of the retailer’s stock after acquiring an additional 3,196 shares during the quarter. Harbour Investments Inc.’s holdings in Walmart were worth $4,256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its stake in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares during the period. International Assets Investment Management LLC grew its position in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Finally, BlueSpruce Investments LP raised its stake in shares of Walmart by 186.6% during the 1st quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after purchasing an additional 6,727,200 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 1.0 %

Shares of NYSE WMT opened at $85.01 on Wednesday. The company has a market cap of $683.33 billion, a price-to-earnings ratio of 44.20, a PEG ratio of 4.21 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $80.67 and its 200 day moving average is $72.27. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Robert W. Baird increased their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Bank of America raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Finally, TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $84.15.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.