Walmart Inc. (NYSE:WMT) Stake Lifted by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd raised its stake in Walmart Inc. (NYSE:WMT) by 112.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 49,863 shares of the retailer’s stock after buying an additional 26,379 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Walmart were worth $3,376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Landmark Financial Advisors LLC boosted its position in shares of Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after acquiring an additional 70 shares in the last quarter. Syverson Strege & Co raised its holdings in shares of Walmart by 2.6% in the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after buying an additional 85 shares in the last quarter. Amussen Hunsaker Associates LLC raised its holdings in shares of Walmart by 0.5% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after buying an additional 86 shares in the last quarter. Per Stirling Capital Management LLC. lifted its position in shares of Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares during the period. Finally, Pin Oak Investment Advisors Inc. boosted its stake in shares of Walmart by 1.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday. Bank of America lifted their target price 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. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Telsey Advisory Group lifted their price objective on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus target price of $80.19.

Walmart Price Performance

Walmart stock opened at $81.43 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $654.55 billion, a P/E ratio of 34.85, a PEG ratio of 4.04 and a beta of 0.51. The business has a 50-day moving average of $73.86 and a 200-day moving average of $67.16. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated 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 directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,317,999 shares of company stock valued at $956,341,379. 45.58% of the stock is currently owned by corporate insiders.

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.