Tokio Marine Asset Management Co. Ltd. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Tokio Marine Asset Management Co. Ltd. lifted its position in Walmart Inc. (NYSE:WMT) by 6.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,414 shares of the retailer’s stock after purchasing an additional 6,980 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Walmart were worth $9,885,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. WFA Asset Management Corp lifted its stake in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the period. Dupont Capital Management Corp increased its position in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares in the last quarter. Empowered Funds LLC increased its position in shares of Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after purchasing an additional 120,919 shares in the last quarter. WNY Asset Management LLC lifted its holdings in shares of Walmart by 194.4% during the 1st quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock valued at $1,372,000 after purchasing an additional 15,053 shares during the last quarter. Finally, WMG Financial Advisors LLC boosted its position in shares of Walmart by 212.8% in the 1st quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock worth $1,354,000 after purchasing an additional 15,303 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WMT shares. Bank of America increased their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Finally, Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $84.84.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. 45.58% of the stock is owned by insiders.

Walmart Price Performance

WMT stock traded down $0.18 on Thursday, reaching $85.32. The company had a trading volume of 1,627,696 shares, compared to its average volume of 16,643,961. 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 $685.82 billion, a P/E ratio of 44.31, a PEG ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The company’s fifty day moving average is $80.99 and its 200 day moving average is $72.53.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (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 company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.