Tokio Marine Asset Management Co. Ltd. Has $9.89 Million Position in Walmart Inc. (NYSE:WMT)

Tokio Marine Asset Management Co. Ltd. boosted its position in Walmart Inc. (NYSE:WMT) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,414 shares of the retailer’s stock after buying an additional 6,980 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Walmart were worth $9,885,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. WFA Asset Management Corp boosted its position in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares in the last quarter. Dupont Capital Management Corp boosted its stake 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 purchasing an additional 168,346 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Walmart by 307.1% during the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after purchasing an additional 120,919 shares during the last quarter. WNY Asset Management LLC increased its position in Walmart by 194.4% during the 1st quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock worth $1,372,000 after purchasing an additional 15,053 shares in the last quarter. Finally, WMG Financial Advisors LLC lifted its stake in Walmart by 212.8% in the 1st quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock valued at $1,354,000 after purchasing an additional 15,303 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WMT shares. Sanford C. Bernstein initiated coverage on Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Guggenheim boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. KeyCorp raised their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $84.84.

Walmart Stock Down 0.2 %

Shares of NYSE WMT traded down $0.18 during midday trading on Thursday, hitting $85.32. The stock had a trading volume of 1,627,696 shares, compared to its average volume of 16,643,961. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The company has a market cap of $685.82 billion, a P/E ratio of 44.31, a PEG ratio of 4.25 and a beta of 0.51. The business’s 50 day moving average is $80.99 and its 200-day moving average is $72.53. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last quarter. Company insiders own 45.58% of the company’s stock.

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.