Czech National Bank Acquires 70,808 Shares of Walmart Inc. (NYSE:WMT)

Czech National Bank raised its holdings in Walmart Inc. (NYSE:WMT) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 884,820 shares of the retailer’s stock after buying an additional 70,808 shares during the quarter. Walmart accounts for approximately 0.7% of Czech National Bank’s holdings, making the stock its 21st biggest holding. Czech National Bank’s holdings in Walmart were worth $71,449,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Syverson Strege & Co increased its position in shares of Walmart by 2.6% in the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after purchasing an additional 85 shares during the period. Pin Oak Investment Advisors Inc. increased its position in shares of Walmart by 1.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after purchasing an additional 100 shares during the period. Pinnacle Holdings LLC increased its position in shares of Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after purchasing an additional 108 shares during the period. Trust Co of the South increased its position in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the period. Finally, Power Corp of Canada increased its position in shares of Walmart by 0.5% in the fourth quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock worth $4,730,000 after purchasing an additional 139 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

NYSE:WMT opened at $80.43 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. 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 stock has a market capitalization of $646.52 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 4.03 and a beta of 0.51. The firm has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $68.03.

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

Analyst Ratings Changes

A number of research analysts recently commented on WMT shares. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Morgan Stanley lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus target price of $81.62.

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.