Tandem Investment Advisors Inc. Increases Holdings in Walmart Inc. (NYSE:WMT)

Tandem Investment Advisors Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,294 shares of the retailer’s stock after buying an additional 3,208 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in Walmart were worth $1,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in shares of Walmart in the third quarter worth $33,000. EntryPoint Capital LLC bought a new position in shares of Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter valued at $29,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.5 %

Walmart stock opened at $83.84 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 has a market cap of $673.93 billion, a P/E ratio of 43.59, a P/E/G ratio of 4.18 and a beta of 0.51. The business has a fifty day moving average of $80.22 and a two-hundred day moving average of $71.67. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54.

Walmart (NYSE:WMT) last released 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Melius Research assumed coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. BMO Capital Markets restated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One investment 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $83.92.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.