CIBC Asset Management Inc Has $46.64 Million Position in Walmart Inc. (NYSE:WMT)

CIBC Asset Management Inc decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 688,850 shares of the retailer's stock after selling 16,338 shares during the period. CIBC Asset Management Inc's holdings in Walmart were worth $46,642,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Convergence Investment Partners LLC boosted its position in shares of Walmart by 31.0% during the second quarter. Convergence Investment Partners LLC now owns 76,872 shares of the retailer's stock worth $5,205,000 after acquiring an additional 18,194 shares during the last quarter. West Wealth Group LLC grew its position in shares of Walmart by 4.6% during the second quarter. West Wealth Group LLC now owns 4,646 shares of the retailer's stock valued at $315,000 after purchasing an additional 206 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Walmart by 9.8% in the second quarter. Resonant Capital Advisors LLC now owns 9,957 shares of the retailer's stock worth $674,000 after purchasing an additional 885 shares during the last quarter. Mechanics Financial Corp lifted its position in shares of Walmart by 2.4% in the second quarter. Mechanics Financial Corp now owns 8,151 shares of the retailer's stock worth $552,000 after buying an additional 190 shares in the last quarter. Finally, Embree Financial Group grew its holdings in Walmart by 2.6% during the 2nd quarter. Embree Financial Group now owns 9,133 shares of the retailer's stock valued at $618,000 after buying an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company's stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company's stock, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The disclosure for this sale can be found here. Insiders sold a total of 6,306,511 shares of company stock worth $420,470,807 in the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 1.1 %

NYSE:WMT traded up $0.81 during midday trading on Monday, reaching $77.23. The company had a trading volume of 23,229,900 shares, compared to its average volume of 17,417,238. The stock's fifty day simple moving average is $70.55 and its 200-day simple moving average is $64.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $77.47. The firm has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts' expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on WMT. Morgan Stanley lifted their target price on Walmart from $75.00 to $82.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Jefferies Financial Group raised their target price on shares of Walmart from $77.00 to $80.00 and gave the stock a "buy" rating in a report on Monday, August 12th. BMO Capital Markets reiterated an "outperform" rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Robert W. Baird raised their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 17th. Finally, Raymond James boosted their target price on Walmart from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $78.64.

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.