Walmart Inc. (NYSE:WMT) Shares Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in Walmart Inc. (NYSE:WMT) by 201.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,044,736 shares of the retailer’s stock after acquiring an additional 697,603 shares during the period. Artemis Investment Management LLP’s holdings in Walmart were worth $62,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Waverly Advisors LLC boosted its holdings in Walmart by 11.2% in the third quarter. Waverly Advisors LLC now owns 11,470 shares of the retailer’s stock valued at $1,834,000 after purchasing an additional 1,153 shares during the last quarter. Per Stirling Capital Management LLC. lifted its holdings in shares of Walmart by 4.5% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 3,909 shares of the retailer’s stock valued at $625,000 after buying an additional 168 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Walmart by 63.6% in the third quarter. Hodges Capital Management Inc. now owns 26,543 shares of the retailer’s stock worth $4,245,000 after buying an additional 10,317 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Walmart by 13.5% during the third quarter. Lazard Asset Management LLC now owns 73,360 shares of the retailer’s stock worth $11,731,000 after acquiring an additional 8,747 shares during the period. Finally, Gateway Advisory LLC raised its position in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the sale, the executive vice president now owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,502,762 shares of company stock valued at $951,475,618. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.2 %

Walmart stock opened at $67.74 on Friday. The firm has a 50 day moving average price of $64.07 and a 200 day moving average price of $59.29. The company has a market capitalization of $544.87 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04.

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 analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period last year, the business posted $0.49 earnings per share. Walmart’s revenue was up 6.0% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WMT shares. BMO Capital Markets upped their price objective on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Oppenheimer increased their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Evercore ISI lifted their price objective on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. KeyCorp upped their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, Roth Mkm raised their target price on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

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.