Driehaus Capital Management LLC Purchases 2,706 Shares of Walmart Inc. (NYSE:WMT)

Driehaus Capital Management LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,461 shares of the retailer’s stock after buying an additional 2,706 shares during the period. Driehaus Capital Management LLC’s holdings in Walmart were worth $911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AHL Investment Management Inc. grew its stake in shares of Walmart by 192.1% in the first 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 holdings 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 acquiring an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new stake in Walmart in the first quarter worth $270,000. Commerce Bank boosted its holdings in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Walmart by 290.7% during 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. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The disclosure for this sale can be found here. Insiders have sold 12,334,670 shares of company stock valued at $958,025,027 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 1.2 %

Walmart stock opened at $80.75 on Tuesday. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The business’s fifty day moving average is $74.64 and its 200 day moving average is $67.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $649.09 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 4.00 and a beta of 0.51.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Tigress Financial raised their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Morgan Stanley increased their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Finally, Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus price target of $81.62.

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.