Meyer Handelman Co. Has $44.45 Million Position in Walmart Inc. (NYSE:WMT)

Meyer Handelman Co. grew its stake in Walmart Inc. (NYSE:WMT) by 210.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 738,661 shares of the retailer’s stock after buying an additional 501,066 shares during the period. Walmart accounts for about 1.6% of Meyer Handelman Co.’s holdings, making the stock its 19th biggest holding. Meyer Handelman Co.’s holdings in Walmart were worth $44,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WMT. Norges Bank bought a new position in Walmart during the 4th quarter worth approximately $3,674,652,000. BlueSpruce Investments LP acquired a new stake in shares of Walmart during the fourth quarter worth $568,419,000. International Assets Investment Management LLC increased its position in shares of Walmart by 15,371.4% during the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after buying an additional 3,488,530 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after buying an additional 2,150,351 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Walmart by 14,035.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,274,428 shares of the retailer’s stock valued at $200,914,000 after buying an additional 1,265,412 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. DA Davidson lifted their price objective on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Barclays lifted their target price on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Tigress Financial increased their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Telsey Advisory Group lifted their price objective on shares of Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, Robert W. Baird increased their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $69.97.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the transaction, the executive vice president now directly owns 645,517 shares of the company’s stock, valued at approximately $39,253,888.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the transaction, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Trading Down 0.1 %

Shares of WMT stock opened at $67.91 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market capitalization of $546.24 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $68.55. The company has a 50-day simple moving average of $63.23 and a two-hundred day simple moving average of $58.75.

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

Walmart Company 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.