UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Walmart Inc. (NYSE:WMT) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 23,273,933 shares of the retailer’s stock after purchasing an additional 228,121 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Walmart were worth $1,879,370,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart in the second quarter worth $29,000. Finally, Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.6 %

NYSE:WMT opened at $91.87 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The firm has a market cap of $738.47 billion, a P/E ratio of 37.65, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $92.25. The firm has a 50-day simple moving average of $82.81 and a two-hundred day simple moving average of $74.48.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on WMT shares. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp upped their price target on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart 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.