United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in Walmart Inc. (NYSE:WMT)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 231,478 shares of the retailer’s stock, valued at approximately $18,692,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC increased its holdings in shares of Walmart by 1.4% in the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC increased its holdings in shares of Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the last quarter. Inspire Advisors LLC raised its position in shares of Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Walmart by 2.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after acquiring an additional 137 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. KeyCorp raised their price target on Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One 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 stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus price target of $84.84.

Walmart Stock Performance

Shares of NYSE WMT opened at $85.54 on Thursday. The firm’s 50-day moving average price is $80.82 and its 200-day moving average price is $72.44. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The company has a market cap of $687.59 billion, a PE ratio of 44.47, a PEG ratio of 4.25 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the business’s 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 transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

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.