AHL Investment Management Inc. Has $1.83 Million Stake in Walmart Inc. (NYSE:WMT)

AHL Investment Management Inc. decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,595 shares of the retailer’s stock after selling 640 shares during the quarter. AHL Investment Management Inc.’s holdings in Walmart were worth $1,825,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new stake in Walmart in the third quarter valued at $33,000. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at $25,000. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at $29,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 1.5 %

Shares of WMT opened at $83.69 on Wednesday. The company has a market capitalization of $672.72 billion, a PE ratio of 43.51, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.77. The stock’s 50-day moving average price is $80.08 and its two-hundred day moving average price is $71.58. 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 (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company posted $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WMT shares. Robert W. Baird increased their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. KeyCorp increased their price objective on shares of Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. The Goldman Sachs Group increased their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $83.89.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

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.