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

Bridges Investment Management Inc. grew its holdings in Walmart Inc. (NYSE:WMT) by 44.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,667 shares of the retailer’s stock after purchasing an additional 25,316 shares during the quarter. Bridges Investment Management Inc.’s holdings in Walmart were worth $5,597,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Callan Capital LLC boosted its holdings in Walmart by 7.7% in the second quarter. Callan Capital LLC now owns 23,659 shares of the retailer’s stock valued at $1,602,000 after purchasing an additional 1,694 shares during the period. Benjamin Edwards Inc. raised its position in Walmart by 24.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 95,509 shares of the retailer’s stock valued at $6,467,000 after purchasing an additional 18,666 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Walmart by 5.8% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,960,811 shares of the retailer’s stock valued at $268,187,000 after buying an additional 215,408 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Walmart by 159.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 595,653 shares of the retailer’s stock worth $40,332,000 after buying an additional 365,914 shares in the last quarter. Finally, Trust Investment Advisors purchased a new stake in shares of Walmart during the second quarter worth approximately $221,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 1.2 %

NYSE:WMT opened at $78.05 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $73.24 and its 200-day simple moving average is $66.65. The firm has a market cap of $627.80 billion, a P/E ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. Walmart’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder S Robson Walton sold 359,616 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction that occurred 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 approximately $47,262,194,181.50. The disclosure for this sale can be found here. Insiders sold 12,369,039 shares of company stock valued at $959,826,083 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group boosted their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Bank of America boosted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $78.99.

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.