Murphy Pohlad Asset Management LLC Has $1.46 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Murphy Pohlad Asset Management LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,085 shares of the retailer’s stock after selling 150 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Walmart were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Liberty Wealth Management LLC bought a new stake in Walmart during the 1st quarter valued at $270,000. Commerce Bank raised its holdings in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new position in Walmart in the 1st quarter valued at about $723,000. Finally, Meridian Management Co. boosted its stake in Walmart by 200.2% during the 1st quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock valued at $8,477,000 after purchasing an additional 93,955 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WMT shares. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $83.89.

Walmart Price Performance

NYSE:WMT opened at $82.19 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The stock has a fifty day moving average of $79.80 and a 200 day moving average of $71.09. 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 firm has a market capitalization of $660.66 billion, a price-to-earnings ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. On average, research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is currently owned by corporate insiders.

About Walmart

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.