Oxbow Advisors LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Oxbow Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 45.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,453 shares of the retailer’s stock after purchasing an additional 8,834 shares during the quarter. Oxbow Advisors LLC’s holdings in Walmart were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter valued at $25,000. TruNorth Capital Management LLC grew its holdings in 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 buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter valued at about $29,000. FSA Wealth Management LLC lifted its holdings in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Finally, Kozak & Associates Inc. boosted its position in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Oppenheimer boosted their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, UBS Group increased their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $83.92.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.98 on Friday, reaching $84.83. 14,396,543 shares of the company’s stock were exchanged, compared to its average volume of 16,777,629. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. The business’s 50-day moving average is $80.53 and its two-hundred day moving average is $71.92. 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 firm has a market capitalization of $681.88 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 4.18 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

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.