13,085 Shares in Walmart Inc. (NYSE:WMT) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 13,085 shares of the retailer’s stock, valued at approximately $886,000.

Other large investors also recently modified their holdings of the company. AHL Investment Management Inc. increased its position 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 valued at $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. boosted its stake in shares of Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Walmart during the 1st quarter valued at $270,000. Commerce Bank increased its stake in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Evercore ISI boosted their price target on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. TD Cowen boosted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp raised their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Roth Mkm upped their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus increased their price objective on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $80.19.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of Walmart stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The disclosure for this sale can be found here. Insiders sold a total of 12,360,248 shares of company stock worth $959,228,295 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

WMT stock opened at $80.70 on Wednesday. The stock has a market cap of $648.69 billion, a PE ratio of 34.54, a P/E/G ratio of 4.02 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.02. The company has a 50-day moving average price of $73.86 and a 200 day moving average price of $67.16. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current 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.