Auxier Asset Management Has $9.99 Million Position in Walmart Inc. (NYSE:WMT)

Auxier Asset Management cut its holdings in Walmart Inc. (NYSE:WMT) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 147,474 shares of the retailer’s stock after selling 324 shares during the period. Walmart accounts for approximately 1.6% of Auxier Asset Management’s portfolio, making the stock its 17th biggest holding. Auxier Asset Management’s holdings in Walmart were worth $9,985,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in WMT. AHL Investment Management Inc. grew its position in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. raised its position in shares of Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after buying an additional 420 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the first quarter valued at about $270,000. Commerce Bank grew its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. TD Cowen raised their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group raised their target price on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Roth Mkm lifted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus increased their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Finally, DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock worth $959,826,083 over the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Trading Up 1.3 %

WMT opened at $79.06 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The firm has a 50-day moving average price of $73.44 and a two-hundred day moving average price of $66.78. The stock has a market capitalization of $635.92 billion, a PE ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.