Border to Coast Pensions Partnership Ltd Increases Stake in Walmart Inc. (NYSE:WMT)

Border to Coast Pensions Partnership Ltd grew its stake in shares of Walmart Inc. (NYSE:WMT) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 923,378 shares of the retailer’s stock after purchasing an additional 97,928 shares during the quarter. Walmart makes up approximately 1.5% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 16th biggest position. Border to Coast Pensions Partnership Ltd’s holdings in Walmart were worth $74,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc boosted its holdings in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. Raymond James & Associates raised its holdings in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $80.81 on Tuesday. The company has a 50-day moving average price of $78.14 and a 200-day moving average price of $69.83. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.82. 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 firm has a market capitalization of $650.00 billion, a P/E ratio of 34.53, a PEG ratio of 4.07 and a beta of 0.51.

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

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,267,901 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WMT shares. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Barclays lifted their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus increased their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. TD Cowen boosted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $82.96.

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.