Jupiter Asset Management Ltd. lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,109,868 shares of the retailer's stock after selling 91,977 shares during the period. Walmart accounts for 0.9% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 13th largest holding. Jupiter Asset Management Ltd.'s holdings in Walmart were worth $97,435,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. boosted its holdings in Walmart by 98.2% during the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. EQ Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter worth about $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after purchasing an additional 200 shares during the last quarter. Mizuho Bank Ltd. bought a new stake in Walmart during the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC acquired a new stake in Walmart in the 1st quarter valued at approximately $49,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WMT has been the topic of several recent analyst reports. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Stifel Nicolaus cut their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Tigress Financial increased their price target on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.67.
Read Our Latest Research Report on WMT
Walmart Stock Performance
Shares of Walmart stock opened at $98.40 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $96.86 and a 200 day simple moving average of $95.03. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The firm has a market cap of $785.27 billion, a P/E ratio of 42.05, a P/E/G ratio of 4.72 and a beta of 0.66.
Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Insider Transactions at Walmart
In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares of the company's stock, valued at approximately $88,700,258.82. This represents a 1.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,912 shares of company stock valued at $13,863,813. 45.58% of the stock is currently owned by insiders.
About Walmart
(
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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