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Oddo BHF Asset Management Sas Takes $626,000 Position in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Oddo BHF Asset Management Sas acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,755 shares of the retailer's stock, valued at approximately $626,000.

Several other hedge funds have also added to or reduced their stakes in the business. Garde Capital Inc. grew its holdings in shares of Walmart by 8.0% during the third quarter. Garde Capital Inc. now owns 2,080 shares of the retailer's stock worth $168,000 after purchasing an additional 154 shares during the last quarter. Denver PWM LLC increased its position in shares of Walmart by 10.7% in the third quarter. Denver PWM LLC now owns 3,043 shares of the retailer's stock worth $246,000 after purchasing an additional 294 shares during the last quarter. Beaird Harris Wealth Management LLC boosted its position in Walmart by 56.9% during the third quarter. Beaird Harris Wealth Management LLC now owns 4,278 shares of the retailer's stock valued at $345,000 after buying an additional 1,552 shares during the period. American Trust increased its stake in shares of Walmart by 2.3% during the third quarter. American Trust now owns 11,085 shares of the retailer's stock valued at $895,000 after buying an additional 252 shares during the period. Finally, Old North State Trust LLC increased its position in Walmart by 1.8% during the 3rd quarter. Old North State Trust LLC now owns 14,124 shares of the retailer's stock valued at $1,141,000 after buying an additional 252 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company's stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the transaction, the executive vice president now directly owns 381,165 shares in the company, valued at $30,862,930.05. This trade represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Barclays lifted their target price on Walmart from $78.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. StockNews.com downgraded shares of Walmart from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th. Finally, Piper Sandler lifted their price objective on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $93.33.

Read Our Latest Stock Report on Walmart

Walmart Stock Up 0.4 %

WMT traded up $0.37 during trading on Friday, hitting $94.25. 11,495,854 shares of the company's stock traded hands, compared to its average volume of 18,405,060. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company's 50 day simple moving average is $86.10 and its two-hundred day simple moving average is $77.02. Walmart Inc. has a 12-month low of $50.51 and a 12-month high of $96.18. The stock has a market capitalization of $757.15 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company posted $0.51 earnings per share. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Walmart Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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