Tealwood Asset Management Inc. Purchases Shares of 5,754 Walmart Inc. (NYSE:WMT)

Tealwood Asset Management Inc. acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,754 shares of the retailer’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also modified their holdings of WMT. AHL Investment Management Inc. raised its position in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $270,000. Commerce Bank increased its holdings in shares of Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Walmart by 189.4% during the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after buying an additional 421,366 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 0.5 %

Walmart stock traded up $0.38 during midday trading on Tuesday, hitting $79.48. 3,530,981 shares of the stock were exchanged, compared to its average volume of 17,322,133. 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 $75.67 and its 200 day simple moving average is $68.39. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60. The stock has a market capitalization of $638.88 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 4.05 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. HSBC upped their price target on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada raised their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Barclays boosted their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company increased their target price on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $81.96.

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.