AIA Group Ltd Boosts Position in Walmart Inc. (NYSE:WMT)

AIA Group Ltd boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 50.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,074 shares of the retailer's stock after purchasing an additional 15,423 shares during the period. AIA Group Ltd's holdings in Walmart were worth $3,720,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WMT. Investment Advisory Group LLC raised its position in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock worth $499,000 after acquiring an additional 126 shares during the period. Professional Financial Advisors LLC lifted its position in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer's stock valued at $1,763,000 after purchasing an additional 137 shares in the last quarter. Inspire Advisors LLC grew its holdings in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer's stock valued at $539,000 after purchasing an additional 137 shares during the period. Creative Financial Designs Inc. ADV increased its position in Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer's stock worth $564,000 after buying an additional 137 shares in the last quarter. Finally, Trust Co of the South raised its stake in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer's stock worth $2,071,000 after buying an additional 138 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WMT shares. Royal Bank of Canada increased their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an "outperform" rating in a report on Friday, August 16th. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, August 16th. StockNews.com upgraded Walmart from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Finally, UBS Group boosted their price objective on Walmart from $81.00 to $92.00 and gave the company a "buy" rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $83.92.

Walmart Trading Up 0.5 %

Shares of NYSE WMT opened at $83.84 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business's 50 day moving average is $80.22 and its two-hundred day moving average is $71.67. The stock has a market capitalization of $673.93 billion, a P/E ratio of 43.59, a PEG ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company's stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. 45.58% of the stock is owned by company 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.

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