Walmart Inc. (NYSE:WMT) is Advisors Asset Management Inc.'s 6th Largest Position

Advisors Asset Management Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 772,260 shares of the retailer's stock after purchasing an additional 72,485 shares during the quarter. Walmart comprises about 1.1% of Advisors Asset Management Inc.'s portfolio, making the stock its 6th biggest holding. Advisors Asset Management Inc.'s holdings in Walmart were worth $62,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth approximately $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC increased its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. StockNews.com upgraded Walmart from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday. Redburn Atlantic raised Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. Oppenheimer raised their price objective on Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Finally, DA Davidson raised their price objective on Walmart from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Buy" and a consensus price target of $91.51.

Walmart Price Performance

Shares of WMT stock traded up $0.58 during trading hours on Wednesday, hitting $87.18. The stock had a trading volume of 18,160,547 shares, compared to its average volume of 16,843,436. The stock's 50-day moving average price is $81.58 and its two-hundred day moving average price is $73.34. 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 one year low of $49.85 and a one year high of $88.29. The stock has a market capitalization of $700.77 billion, a price-to-earnings ratio of 45.05, a PEG ratio of 4.19 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company's stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart 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.