Strategy Asset Managers LLC Has $7.68 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Strategy Asset Managers LLC raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 167.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,150 shares of the retailer's stock after purchasing an additional 59,580 shares during the quarter. Walmart accounts for 1.5% of Strategy Asset Managers LLC's investment portfolio, making the stock its 16th largest position. Strategy Asset Managers LLC's holdings in Walmart were worth $7,683,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer's stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc boosted its stake in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer's stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the period. Raymond James & Associates grew its holdings in Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer's stock valued at $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer's stock valued at $1,095,946,000 after buying an additional 834,005 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Walmart by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,351,354 shares of the retailer's stock worth $916,622,000 after buying an additional 159,612 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock traded up $0.28 during trading hours on Wednesday, reaching $86.88. The company's stock had a trading volume of 9,847,253 shares, compared to its average volume of 16,806,486. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29. The company's 50 day simple moving average is $81.58 and its 200 day simple moving average is $73.34. The stock has a market cap of $698.36 billion, a P/E ratio of 45.05, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. Walmart's quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WMT shares. The Goldman Sachs Group increased their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 16th. KeyCorp boosted their price target on shares of Walmart from $88.00 to $96.00 and gave the company an "overweight" rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday. Truist Financial lifted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.51.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business'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 transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

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.