Walmart Inc. (NYSE:WMT) Shares Purchased by Tredje AP fonden

by · The Markets Daily

Tredje AP fonden increased its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 73.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,876,400 shares of the retailer’s stock after buying an additional 792,400 shares during the quarter. Walmart comprises approximately 1.2% of Tredje AP fonden’s investment portfolio, making the stock its 13th largest holding. Tredje AP fonden’s holdings in Walmart were worth $127,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart in the 1st quarter valued at about $25,000. Northwest Capital Management Inc raised its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC lifted its holdings 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 period. Cultivar Capital Inc. purchased a new stake in Walmart in the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the transaction, the insider now owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Insiders have sold 10,203,360 shares of company stock worth $788,678,803 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s 50 day moving average price is $72.90 and its 200 day moving average price is $66.48. The company has a market cap of $631.97 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WMT. Piper Sandler reissued an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm raised their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Check Out Our Latest Stock Report on Walmart

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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