Walmart Inc. (NYSE:WMT) Shares Purchased by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,004 shares of the retailer’s stock after acquiring an additional 206 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Walmart were worth $1,131,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the period. Oxbow Advisors LLC lifted its stake in shares of Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Walmart by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The stock was 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 owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % 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, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,300,460 shares of company stock valued at $570,820,065 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Barclays raised their price objective on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Royal Bank of Canada raised their target price on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Two 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

Walmart Stock Up 1.0 %

NYSE:WMT opened at $94.45 on Thursday. The firm has a market capitalization of $759.21 billion, a P/E ratio of 38.76, a P/E/G ratio of 4.44 and a beta of 0.54. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $94.51. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $84.11 and its 200-day simple moving average is $75.57.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

About Walmart

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.