Financial Management Professionals Inc. Acquires 363 Shares of Walmart Inc. (NYSE:WMT)

Financial Management Professionals Inc. raised its holdings in Walmart Inc. (NYSE:WMT) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,232 shares of the retailer’s stock after acquiring an additional 363 shares during the quarter. Financial Management Professionals Inc.’s holdings in Walmart were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Swiss National Bank raised its stake in Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after buying an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Robert W. Baird raised their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. BMO Capital Markets restated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Tigress Financial upped their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $83.51.

Walmart Price Performance

WMT stock opened at $82.51 on Monday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The stock’s fifty day simple moving average is $79.09 and its 200-day simple moving average is $70.47. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $663.24 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.