Weatherly Asset Management L. P. Increases Holdings in Walmart Inc. (NYSE:WMT)

Weatherly Asset Management L. P. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,886 shares of the retailer’s stock after purchasing an additional 551 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Walmart were worth $2,979,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in WMT. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Legal & General Group Plc grew its holdings in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Raymond James & Associates increased its stake in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after acquiring an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after acquiring an additional 834,005 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Telsey Advisory Group boosted their target price on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One equities 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’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus target price of $83.89.

Walmart Trading Up 0.3 %

Walmart stock opened at $82.19 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market cap of $660.66 billion, a PE ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51. The stock’s 50 day simple moving average is $79.80 and its two-hundred day simple moving average is $71.09. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.