BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $57.48 Million Holdings in Walmart Inc. (NYSE:WMT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Walmart Inc. (NYSE:WMT) by 59.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 848,886 shares of the retailer’s stock after buying an additional 316,697 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Walmart were worth $57,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. AHL Investment Management Inc. increased its stake in shares of Walmart by 192.1% during 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 stake in shares of Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in Walmart in the 1st quarter worth approximately $270,000. Commerce Bank boosted 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 purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Walmart by 290.7% during the first 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 last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus lifted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. KeyCorp increased their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Finally, Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $79.76.

Insider Buying and Selling

In other Walmart news, SVP David Chojnowski sold 8,791 shares of the firm’s 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 sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the sale, the executive vice president now directly owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders have sold a total of 12,369,039 shares of company stock worth $959,826,083 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $80.33 on Tuesday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.02. The firm’s 50-day moving average price is $73.65 and its two-hundred day moving average price is $67.02. 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 has a market capitalization of $646.14 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last released 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. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. On average, equities analysts predict 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.