AIA Group Ltd Has $3.72 Million Position in Walmart Inc. (NYSE:WMT)

AIA Group Ltd lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 50.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,074 shares of the retailer's stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Walmart by 199.4% during the first 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 stake in Walmart by 181.0% during the first 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 during the period. Swiss National Bank lifted its holdings in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer's stock worth $800,454,000 after buying an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer's stock valued at $669,227,000 after acquiring an additional 8,225,552 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after buying an additional 6,885,106 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $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 can be accessed through this link. In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares of the company's stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares of the company's stock, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 Trading Up 1.2 %

WMT traded up $0.98 during midday trading on Friday, hitting $84.83. The company's stock had a trading volume of 14,331,370 shares, compared to its average volume of 16,777,518. The firm has a market cap of $681.88 billion, a P/E ratio of 44.20, a PEG ratio of 4.18 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $80.22 and a two-hundred day moving average price of $71.67.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMT shares. StockNews.com upgraded shares of Walmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Barclays boosted their target price on Walmart from $66.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Morgan Stanley increased their price objective on Walmart from $75.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Finally, UBS Group lifted their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $83.92.

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.