Intech Investment Management LLC Has $82.93 Million Holdings in Walmart Inc. (NYSE:WMT)

Intech Investment Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,027,000 shares of the retailer's stock after selling 170,490 shares during the quarter. Walmart accounts for approximately 0.9% of Intech Investment Management LLC's holdings, making the stock its 12th largest holding. Intech Investment Management LLC's holdings in Walmart were worth $82,930,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC raised its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Walmart from $85.00 to $89.00 and gave the company a "hold" rating in a research report on Wednesday. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley lifted their target price on Walmart from $89.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Walmart from $81.00 to $83.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $91.51.

Walmart Trading Up 0.7 %

Shares of WMT stock opened at $87.18 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $700.77 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The stock has a 50 day simple moving average of $81.75 and a 200 day simple moving average of $73.43. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $88.29.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current fiscal 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 shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company's stock, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last three months. Corporate 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.

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