Intech Investment Management LLC Has $81.08 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Intech Investment Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,197,490 shares of the retailer’s stock after purchasing an additional 58,542 shares during the period. Walmart makes up 1.0% of Intech Investment Management LLC’s portfolio, making the stock its 10th biggest position. Intech Investment Management LLC’s holdings in Walmart were worth $81,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. EntryPoint Capital LLC acquired a new position in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the 2nd quarter valued at about $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $30,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. HSBC lifted their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

Shares of WMT stock opened at $78.05 on Friday. The company has a market capitalization of $627.80 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The company has a 50-day simple moving average of $73.24 and a 200 day simple moving average of $66.65.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the sale, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,369,039 shares of company stock valued at $959,826,083. 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.