Woodstock Corp Boosts Stake in Walmart Inc. (NYSE:WMT)

Woodstock Corp boosted its holdings in Walmart Inc. (NYSE:WMT) by 203.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,207 shares of the retailer’s stock after acquiring an additional 89,248 shares during the quarter. Woodstock Corp’s holdings in Walmart were worth $8,015,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Walmart during the third quarter worth $732,000. CI Investments Inc. increased its position in shares of Walmart by 7.0% in the third quarter. CI Investments Inc. now owns 32,762 shares of the retailer’s stock valued at $5,240,000 after buying an additional 2,139 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Walmart during the 3rd quarter worth $209,000. Clearbridge Investments LLC boosted its position in shares of Walmart by 8.5% in the 3rd quarter. Clearbridge Investments LLC now owns 1,783,118 shares of the retailer’s stock worth $285,174,000 after buying an additional 139,745 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Walmart by 5.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,103 shares of the retailer’s stock valued at $656,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock valued at $950,549,592 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $68.03 on Friday. The firm has a market capitalization of $547.20 billion, a PE ratio of 29.11, a P/E/G ratio of 3.90 and a beta of 0.52. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $68.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The business has a 50-day moving average of $63.08 and a two-hundred day moving average of $58.58.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Oppenheimer upped their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Bank of America upped their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Truist Financial raised their price target on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Finally, UBS Group increased their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

About Walmart

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.