Mirae Asset Global Investments Co. Ltd. Acquires 287,900 Shares of Walmart Inc. (NYSE:WMT)

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 93.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 595,848 shares of the retailer’s stock after acquiring an additional 287,900 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Walmart were worth $35,852,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Harbour Investments Inc. raised its stake in Walmart by 5.5% during the third quarter. Harbour Investments Inc. now owns 10,956 shares of the retailer’s stock worth $1,752,000 after buying an additional 572 shares during the last quarter. Orion Capital Management LLC bought a new position in Walmart during the third quarter worth $50,000. Creative Planning raised its stake in Walmart by 5.8% during the third quarter. Creative Planning now owns 494,961 shares of the retailer’s stock worth $79,159,000 after buying an additional 27,254 shares during the last quarter. Integrated Advisors Network LLC raised its stake in Walmart by 8.2% during the third quarter. Integrated Advisors Network LLC now owns 19,583 shares of the retailer’s stock worth $3,132,000 after buying an additional 1,484 shares during the last quarter. Finally, Spartan Planning & Wealth Management bought a new position in Walmart during the third quarter worth $71,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.6 %

WMT opened at $70.04 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $563.37 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 4.04 and a beta of 0.50. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $70.15. The company’s 50-day moving average price is $64.93 and its two-hundred day moving average price is $60.01.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMT shares. Royal Bank of Canada lifted their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group lifted their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Barclays lifted their price target 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. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Finally, Evercore ISI lifted their price target on shares of Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.47.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction 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 in the company, valued at approximately $241,239,559.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now 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. In the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is currently owned by corporate insiders.

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.