Amalgamated Bank Has $76.70 Million Stake in Walmart Inc. (NYSE:WMT)

Amalgamated Bank grew its position in shares of Walmart Inc. (NYSE:WMT) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 949,793 shares of the retailer’s stock after buying an additional 82,502 shares during the quarter. Walmart makes up about 0.6% of Amalgamated Bank’s investment portfolio, making the stock its 21st largest holding. Amalgamated Bank’s holdings in Walmart were worth $76,696,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Legal & General Group Plc lifted its holdings in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates increased its position in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after buying an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after buying an additional 834,005 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on WMT shares. Roth Mkm lifted their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Evercore ISI lifted their price target on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group boosted their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.89.

Walmart Stock Up 0.3 %

NYSE:WMT opened at $82.45 on Tuesday. 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 company has a market cap of $662.75 billion, a PE ratio of 42.87, a PEG ratio of 4.12 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The stock has a 50-day simple moving average of $79.93 and a 200 day simple moving average of $71.41.

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

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Insiders own 45.58% of the company’s stock.

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.