Wesleyan Assurance Society Acquires 1,250 Shares of Walmart Inc. (NYSE:WMT)

Wesleyan Assurance Society raised its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 3.9% during the first quarter, HoldingsChannel reports. The fund owned 33,250 shares of the retailer’s stock after purchasing an additional 1,250 shares during the quarter. Wesleyan Assurance Society’s holdings in Walmart were worth $4,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Geode Capital Management LLC grew its position in shares of Walmart by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 24,239,022 shares of the retailer’s stock valued at $3,496,676,000 after purchasing an additional 201,552 shares in the last quarter. Norges Bank purchased a new position in Walmart in the fourth quarter worth $2,925,852,000. Nuveen Asset Management LLC grew its position in Walmart by 8.0% in the fourth quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock worth $1,574,414,000 after acquiring an additional 801,954 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Walmart by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,601,132 shares of the retailer’s stock worth $1,533,877,000 after acquiring an additional 584,227 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Walmart by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,526,788 shares of the retailer’s stock worth $1,523,024,000 after acquiring an additional 341,661 shares in the last quarter. Institutional investors own 30.79% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $122.13, for a total transaction of $1,185,638.04. Following the sale, the chief executive officer now owns 1,517,160 shares in the company, valued at $185,290,750.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 29,124 shares of company stock worth $3,638,461 over the last 90 days. 47.06% of the stock is currently owned by insiders.

Walmart Stock Down 0.9 %

Shares of NYSE WMT traded down $1.26 on Friday, reaching $137.81. 179,835 shares of the company’s stock traded hands, compared to its average volume of 11,483,318. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The business’s 50 day simple moving average is $126.75 and its two-hundred day simple moving average is $136.67. The company has a market cap of $377.76 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 4.38 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.84 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The business had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 5.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on WMT. Wells Fargo & Company upped their target price on shares of Walmart from $130.00 to $155.00 in a research report on Tuesday. Piper Sandler started coverage on shares of Walmart in a research report on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 target price for the company. Royal Bank of Canada upped their price target on shares of Walmart from $135.00 to $151.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets cut their price target on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Wednesday, May 18th. Finally, DA Davidson upped their price target on shares of Walmart from $148.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.93.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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