iA Global Asset Management Inc. Has $36.23 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

iA Global Asset Management Inc. reduced its holdings in Walmart Inc. (NYSE:WMT) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,662 shares of the retailer’s stock after selling 29,686 shares during the period. iA Global Asset Management Inc.’s holdings in Walmart were worth $36,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WMT. Diversify Advisory Services LLC increased its stake in shares of Walmart by 10.5% in the second quarter. Diversify Advisory Services LLC now owns 18,651 shares of the retailer’s stock worth $1,304,000 after acquiring an additional 1,765 shares during the last quarter. Fermata Advisors LLC lifted its position in shares of Walmart by 105.9% in the second quarter. Fermata Advisors LLC now owns 8,070 shares of the retailer’s stock worth $546,000 after buying an additional 4,150 shares during the last quarter. Sitrin Capital Management LLC boosted its stake in shares of Walmart by 0.3% during the 2nd quarter. Sitrin Capital Management LLC now owns 112,598 shares of the retailer’s stock worth $7,624,000 after acquiring an additional 312 shares in the last quarter. Inspirion Wealth Advisors LLC increased its holdings in shares of Walmart by 2.6% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 6,959 shares of the retailer’s stock valued at $471,000 after acquiring an additional 175 shares during the last quarter. Finally, Sunburst Financial Group LLC raised its stake in shares of Walmart by 4.8% in the 2nd quarter. Sunburst Financial Group LLC now owns 17,938 shares of the retailer’s stock valued at $1,215,000 after acquiring an additional 824 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WMT shares. KeyCorp increased their price target on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Barclays increased their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Oppenheimer boosted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Robert W. Baird increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.11.

Walmart Price Performance

Shares of WMT stock opened at $95.70 on Friday. The firm has a market cap of $769.26 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 4.48 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $96.18. The stock has a 50-day moving average price of $84.42 and a 200 day moving average price of $75.71.

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

Insider Transactions at Walmart

In other 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 transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,300,460 shares of company stock worth $570,820,065. 45.58% of the stock is currently owned by company insiders.

Walmart 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.