Walmart Inc. (NYSE:WMT) Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,004 shares of the retailer’s stock after buying an additional 206 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Walmart were worth $1,131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter valued at $29,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Finally, Hoese & Co LLP acquired a new position in Walmart during the third quarter valued at $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. KeyCorp lifted their price objective on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on shares of Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Barclays lifted their price objective on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.11.

Walmart Price Performance

Shares of WMT opened at $94.45 on Thursday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $94.51. The firm’s 50 day moving average price is $84.11 and its 200 day moving average price is $75.57. The company has a market cap of $759.21 billion, a P/E ratio of 38.76, a PEG ratio of 4.44 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,300,460 shares of company stock valued at $570,820,065 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Company 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.