Invesco Ltd. grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,188,142 shares of the retailer's stock after buying an additional 823,020 shares during the quarter. Walmart accounts for approximately 0.5% of Invesco Ltd.'s holdings, making the stock its 22nd biggest holding. Invesco Ltd. owned approximately 0.36% of Walmart worth $2,562,427,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in WMT. Eagle Capital Management LLC lifted its stake in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC increased its holdings in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE increased its holdings in Walmart by 4.9% in the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its holdings in Walmart by 24.0% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,139 shares of the retailer's stock valued at $464,000 after buying an additional 995 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently weighed in on WMT. Evercore ISI boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has an average rating of "Buy" and an average target price of $106.67.
Check Out Our Latest Stock Report on WMT
Walmart Stock Performance
Shares of Walmart stock traded up $0.65 during trading on Friday, hitting $103.77. 12,392,140 shares of the stock were exchanged, compared to its average volume of 14,088,264. The stock's fifty day moving average is $97.30 and its 200 day moving average is $95.38. The stock has a market cap of $828.13 billion, a PE ratio of 44.35, a P/E/G ratio of 4.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 12 month low of $67.14 and a 12 month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the company earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Insider Activity at Walmart
In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the transaction, the executive vice president owned 626,118 shares of the company's stock, valued at $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This represents a 0.44% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,112 shares of company stock valued at $14,080,073. Corporate insiders own 45.58% of the company's stock.
Walmart Profile
(
Free Report)
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.
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