Swiss National Bank Has $1.09 Billion Holdings in Walmart Inc. (NYSE:WMT)

Swiss National Bank cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,461,500 shares of the retailer's stock after selling 27,900 shares during the quarter. Walmart comprises 0.8% of Swiss National Bank's investment portfolio, making the stock its 20th largest holding. Swiss National Bank owned approximately 0.16% of Walmart worth $1,093,995,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the period. Goldman Sachs Group Inc. grew its position in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock valued at $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. Ontario Teachers Pension Plan Board grew its position in Walmart by 28,684.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after acquiring an additional 4,214,661 shares during the period. Northern Trust Corp grew its position in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Finally, Deutsche Bank AG grew its position in Walmart by 33.4% in the first quarter. Deutsche Bank AG now owns 13,683,991 shares of the retailer's stock valued at $1,201,318,000 after acquiring an additional 3,427,615 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,112 shares of company stock valued at $14,080,073 in the last ninety days. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Down 0.2%

Shares of Walmart stock opened at $103.10 on Friday. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The business has a 50-day moving average of $97.20 and a two-hundred day moving average of $95.29. The company has a market capitalization of $822.81 billion, a P/E ratio of 44.06, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Raymond James Financial lowered their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Truist Financial upped their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Tigress Financial upped their price target on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $106.67.

Walmart 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.

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