United Advisor Group LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

United Advisor Group LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,184 shares of the retailer’s stock after acquiring an additional 4,106 shares during the quarter. United Advisor Group LLC’s holdings in Walmart were worth $2,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Vanguard Group Inc. grew its position in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Walmart by 181.0% during 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 buying an additional 36,625,314 shares during the period. Legal & General Group Plc raised its position in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Raymond James & Associates raised its position in Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after purchasing an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Up 0.3 %

Shares of Walmart stock opened at $82.45 on Tuesday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business has a 50 day moving average price of $79.93 and a 200 day moving average price of $71.41. The company has a market capitalization of $662.75 billion, a P/E ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51.

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

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. KeyCorp boosted their target price on Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley boosted their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Guggenheim boosted their target price on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $83.89.

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.