Walmart Inc. (NYSE:WMT) Shares Bought by Addenda Capital Inc.

Addenda Capital Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 199.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,119 shares of the retailer’s stock after acquiring an additional 82,630 shares during the period. Addenda Capital Inc.’s holdings in Walmart were worth $7,494,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Walmart by 1.8% during the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after purchasing an additional 426,388 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the fourth quarter worth approximately $3,674,652,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 2,150,351 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Walmart by 0.6% during the third quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock worth $2,081,120,000 after purchasing an additional 78,981 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WMT. Bank of America raised their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. UBS Group raised their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Barclays lifted their target price on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Roth Mkm lifted their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $67.74 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The firm’s fifty day simple moving average is $64.07 and its 200 day simple moving average is $59.29. The firm has a market capitalization of $544.87 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its quarterly 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 firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s 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 sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold 14,502,762 shares of company stock valued at $951,475,618 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.