Addenda Capital Inc. Raises Stake in Walmart Inc. (NYSE:WMT)

Addenda Capital Inc. increased its stake in shares of Walmart Inc. (NYSE:WMT) by 199.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 124,119 shares of the retailer’s stock after purchasing an additional 82,630 shares during the period. Addenda Capital Inc.’s holdings in Walmart were worth $7,494,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Morgan Stanley lifted its holdings in Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart in the 4th quarter valued at about $3,674,652,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after acquiring an additional 2,150,351 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Walmart by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock valued at $2,081,120,000 after acquiring an additional 78,981 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on WMT shares. Barclays raised their price target on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, May 20th. TD Cowen raised their price target on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Robert W. Baird raised their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Finally, DA Davidson increased their price objective on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.20, for a total value of $895,125.00. Following the completion of the transaction, the executive vice president now owns 645,540 shares of the company’s stock, valued at approximately $44,025,828. The disclosure for this sale can be found here. Insiders sold a total of 14,502,762 shares of company stock worth $951,475,618 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.2 %

NYSE WMT opened at $67.74 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a 50 day simple moving average of $64.07 and a two-hundred day simple moving average of $59.29. The stock has a market cap of $544.87 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Walmart Company 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.