BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $79.65 Million Position in Walmart Inc. (NYSE:WMT)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 16.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 986,375 shares of the retailer's stock after acquiring an additional 137,489 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Walmart were worth $79,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC boosted its holdings in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer's stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Providence Wealth Advisors LLC boosted its stake in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock worth $3,591,000 after acquiring an additional 122 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer's stock worth $489,000 after acquiring an additional 125 shares during the last quarter. Investment Advisory Group LLC raised its position in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock worth $499,000 after purchasing an additional 126 shares during the period. Finally, Jag Capital Management LLC lifted its holdings in shares of Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer's stock valued at $760,000 after purchasing an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,385,186 shares of company stock worth $963,206,365. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Citigroup boosted their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. KeyCorp lifted their price objective on shares of Walmart from $88.00 to $96.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada increased their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $91.88.

Walmart Price Performance

Shares of Walmart stock traded up $0.62 during trading on Friday, hitting $92.50. 11,041,178 shares of the company's stock traded hands, compared to its average volume of 16,469,282. The company has a market cap of $743.54 billion, a PE ratio of 37.96, a PEG ratio of 4.36 and a beta of 0.51. The firm's fifty day moving average price is $83.35 and its 200 day moving average price is $74.82. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $92.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Walmart Company 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.