Walmart Inc. (NYSE:WMT) Stake Lifted by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 251.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,238 shares of the retailer’s stock after buying an additional 116,136 shares during the quarter. Walmart comprises approximately 0.7% of First Trust Direct Indexing L.P.’s holdings, making the stock its 17th largest position. First Trust Direct Indexing L.P.’s holdings in Walmart were worth $9,762,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Walmart in the fourth quarter worth $3,674,652,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. BlueSpruce Investments LP bought a new position in shares of Walmart in the fourth quarter worth $568,419,000. International Assets Investment Management LLC grew its stake in shares of Walmart by 15,371.4% in the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock worth $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 2.6 %

Shares of Walmart stock opened at $70.04 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $70.15. The stock has a 50-day moving average price of $64.93 and a 200 day moving average price of $59.90. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company has a market cap of $563.37 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.93 and a beta of 0.50.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Bank of America raised their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. KeyCorp raised their target price on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Barclays raised their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, HSBC raised their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

View Our Latest Stock Analysis on Walmart

Insider Transactions at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.