Susquehanna Fundamental Investments LLC Makes New $45.26 Million Investment in Walmart Inc. (NYSE:WMT)

Susquehanna Fundamental Investments LLC bought a new position in Walmart Inc. (NYSE:WMT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 668,493 shares of the retailer’s stock, valued at approximately $45,264,000. Walmart makes up approximately 1.0% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Beaird Harris Wealth Management LLC grew its holdings in shares of Walmart by 44.8% in the second quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock worth $185,000 after acquiring an additional 843 shares during the period. Security National Bank of SO Dak grew its holdings in shares of Walmart by 1.4% in the second quarter. Security National Bank of SO Dak now owns 48,006 shares of the retailer’s stock worth $3,250,000 after acquiring an additional 665 shares during the period. Smith Thornton Advisors LLC bought a new stake in shares of Walmart in the second quarter worth $1,127,000. Legal & General Group Plc grew its holdings in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Walmart by 0.8% in the second quarter. Mackenzie Financial Corp now owns 4,592,715 shares of the retailer’s stock worth $310,973,000 after acquiring an additional 34,588 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Guggenheim lifted their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Telsey Advisory Group lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Finally, UBS Group lifted their target price on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research 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 two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $80.96.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders have sold 12,317,999 shares of company stock valued at $956,341,379 over the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.2 %

Shares of NYSE WMT opened at $79.78 on Friday. The business’s 50 day moving average is $74.44 and its two-hundred day moving average is $67.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The stock has a market capitalization of $641.71 billion, a P/E ratio of 34.09, a PEG ratio of 4.04 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.