Healthcare of Ontario Pension Plan Trust Fund Has $31.21 Million Stake in Walmart Inc. (NYSE:WMT)

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Walmart Inc. (NYSE:WMT) by 72.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 461,000 shares of the retailer’s stock after selling 1,210,270 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Walmart were worth $31,214,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WMT. AHL Investment Management Inc. increased 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 valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new position in Walmart in the 1st quarter worth approximately $270,000. Commerce Bank lifted its holdings in Walmart by 189.4% during the 1st 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. increased 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 buying an additional 200,947 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

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 transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,334,670 shares of company stock worth $958,025,027. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $80.44 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The stock has a market capitalization of $647.02 billion, a P/E ratio of 34.38, a P/E/G ratio of 4.00 and a beta of 0.51. The company has a 50 day moving average of $75.05 and a 200-day moving average of $67.94.

Walmart (NYSE:WMT) last released its 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 the consensus estimate of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. DA Davidson raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Guggenheim upped their target price on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Buy” and an average target price of $81.62.

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.