Daiwa Securities Group Inc. Buys 53,306 Shares of Walmart Inc. (NYSE:WMT)

Daiwa Securities Group Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 8.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 718,194 shares of the retailer’s stock after acquiring an additional 53,306 shares during the period. Daiwa Securities Group Inc.’s holdings in Walmart were worth $57,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at about $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the 2nd 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 period. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC lifted its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 2.3 %

NYSE WMT opened at $90.44 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $82.12 and a two-hundred day moving average of $73.84. The firm has a market capitalization of $726.98 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 4.30 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.91.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. DA Davidson increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday. Roth Mkm raised their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Sanford C. Bernstein raised their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction 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 directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

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.