CIBC Asset Management Inc Acquires 68,520 Shares of Walmart Inc. (NYSE:WMT)

CIBC Asset Management Inc boosted its holdings in Walmart Inc. (NYSE:WMT) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 818,229 shares of the retailer’s stock after purchasing an additional 68,520 shares during the period. CIBC Asset Management Inc’s holdings in Walmart were worth $73,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC boosted its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC grew its stake in Walmart by 8,814.4% in 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 purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC grew its stake in Walmart by 3.3% in the third 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 in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $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 and hedge funds.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $104.04 on Tuesday. The stock has a market cap of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $94.99 and its two-hundred day moving average price is $85.56. Walmart Inc. has a 12-month low of $55.99 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Stifel Nicolaus boosted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned 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 $100.53.

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.