Walmart Inc. (NYSE:WMT) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,345,129 shares of the retailer’s stock after buying an additional 732,313 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Walmart worth $429,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Vanguard Group Inc. increased its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its position 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 worth $3,421,342,000 after buying an additional 36,625,314 shares during the period. Bank of New York Mellon Corp increased its position in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart during the 4th quarter worth approximately $3,674,652,000. Finally, Raymond James & Associates lifted its holdings in Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after purchasing an additional 2,246,656 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.2 %

Shares of Walmart stock opened at $80.60 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $80.68. The stock has a market capitalization of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The stock has a 50 day moving average price of $72.51 and a two-hundred day moving average price of $66.14. 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 (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly 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 a total of 10,203,360 shares of company stock worth $788,678,803 over the last three months. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Truist Financial lifted their price target on shares of Walmart from $64.00 to $76.00 and gave the company a “hold” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Evercore ISI boosted their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. HSBC lifted their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

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.