Exchange Traded Concepts LLC Acquires 89,627 Shares of Walmart Inc. (NYSE:WMT)

Exchange Traded Concepts LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 63.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,630 shares of the retailer’s stock after buying an additional 89,627 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Walmart were worth $20,928,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC grew its position in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC increased its position in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC grew its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Morgan Stanley upped their price objective on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. BMO Capital Markets upped their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.69.

Walmart Stock Up 1.1 %

Walmart stock opened at $94.84 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $53.47 and a 1-year high of $96.18. The business has a fifty day moving average price of $92.02 and a 200-day moving average price of $82.13.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal 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.