Dakota Wealth Management Has $6.06 Million Stake in Walmart Inc. (NYSE:WMT)

Dakota Wealth Management reduced its stake in Walmart Inc. (NYSE:WMT) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,021 shares of the retailer’s stock after selling 2,851 shares during the period. Dakota Wealth Management’s holdings in Walmart were worth $6,058,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. The Goldman Sachs Group boosted their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Bank of America raised their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Tigress Financial upped their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.51.

Walmart Stock Down 0.6 %

Walmart stock opened at $82.51 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market cap of $663.67 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm’s 50-day simple moving average is $78.91 and its 200 day simple moving average is $70.17.

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

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,784,857 over the last three months. 45.58% of the stock is currently owned by insiders.

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.