Nomura Asset Management Co. Ltd. Has $205.09 Million Stake in Walmart Inc. (NYSE:WMT)

Nomura Asset Management Co. Ltd. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 25.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,539,869 shares of the retailer’s stock after buying an additional 514,262 shares during the quarter. Walmart comprises 0.6% of Nomura Asset Management Co. Ltd.’s portfolio, making the stock its 25th biggest position. Nomura Asset Management Co. Ltd.’s holdings in Walmart were worth $205,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at about $26,000. TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter worth approximately $29,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new stake in Walmart during the 3rd quarter worth approximately $33,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.4 %

WMT stock opened at $95.70 on Monday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $769.26 billion, a price-to-earnings ratio of 39.27, a PEG ratio of 4.54 and a beta of 0.54. The business’s fifty day moving average price is $84.74 and its two-hundred day moving average price is $76.08.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 report on Friday, August 16th. Evercore ISI increased their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.11.

Insider Activity

In related news, major shareholder S Robson Walton sold 1,804,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total value of $142,840,720.00. Following the transaction, the insider now owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,243,091 shares of company stock worth $257,591,179. Corporate insiders own 45.58% of the company’s stock.

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.