Steigerwald Gordon & Koch Inc. Has $24.11 Million Stock Position in Walmart Inc. (NYSE:WMT)

Steigerwald Gordon & Koch Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,584 shares of the retailer’s stock after acquiring an additional 6,506 shares during the quarter. Walmart accounts for 2.6% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 9th biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Walmart were worth $24,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AHL Investment Management Inc. raised its holdings in 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 buying an additional 15,785 shares during the period. Liberty Wealth Management LLC bought a new position in shares of Walmart during the 1st quarter worth approximately $270,000. Commerce Bank grew its stake in shares of 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 acquiring an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after acquiring an additional 421,366 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WMT. Royal Bank of Canada raised their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Evercore ISI raised their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group raised their price target on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley raised 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. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $81.96.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction 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 business’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 completion of the transaction, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT traded down $0.71 during midday trading on Thursday, reaching $79.69. 2,455,487 shares of the stock were exchanged, compared to its average volume of 17,279,557. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market cap of $640.99 billion, a P/E ratio of 34.10, a PEG ratio of 4.05 and a beta of 0.51. The stock’s 50 day simple moving average is $76.12 and its 200 day simple moving average is $68.61.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company 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 company’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

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.