Slow Capital Inc. Buys 1,656 Shares of Walmart Inc. (NYSE:WMT)

Slow Capital Inc. raised its position in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,636 shares of the retailer’s stock after purchasing an additional 1,656 shares during the period. Walmart accounts for approximately 0.9% of Slow Capital Inc.’s portfolio, making the stock its 28th largest holding. Slow Capital Inc.’s holdings in Walmart were worth $5,865,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% in 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 acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc grew its position in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Raymond James & Associates raised its stake in shares of Walmart by 16.0% during 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Walmart by 5.4% during 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 in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WMT. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Melius Research began coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. DA Davidson raised their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Bank of America upped their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley lifted their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $82.96.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $81.31 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $77.90 and its 200 day simple moving average is $69.54. The stock has a market cap of $654.02 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm 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 posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

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.