Pathstone Holdings LLC Buys 21,800 Shares of Walmart Inc. (NYSE:WMT)

Pathstone Holdings LLC increased its position in Walmart Inc. (NYSE:WMT) by 4.5% in the third quarter, Holdings Channel.com reports. The fund owned 503,665 shares of the retailer’s stock after acquiring an additional 21,800 shares during the quarter. Pathstone Holdings LLC’s holdings in Walmart were worth $40,669,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. WFA Asset Management Corp raised its position in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after purchasing an additional 120,919 shares in the last quarter. Osaic Holdings Inc. raised its stake in Walmart by 136.3% in the first quarter. Osaic Holdings Inc. now owns 1,751,583 shares of the retailer’s stock valued at $105,384,000 after purchasing an additional 1,010,327 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in Walmart by 24.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 23,596 shares of the retailer’s stock worth $1,420,000 after buying an additional 4,624 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 value of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. KeyCorp raised their price objective on Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $86.71.

Walmart Stock Down 0.2 %

WMT stock opened at $84.09 on Tuesday. The company has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s 50 day moving average price is $81.43 and its two-hundred day moving average price is $73.15. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.79.

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.