Vanguard Personalized Indexing Management LLC Buys 74,494 Shares of Walmart Inc. (NYSE:WMT)

Vanguard Personalized Indexing Management LLC increased its stake in Walmart Inc. (NYSE:WMT) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 462,051 shares of the retailer’s stock after acquiring an additional 74,494 shares during the period. Walmart comprises about 0.6% of Vanguard Personalized Indexing Management LLC’s holdings, making the stock its 22nd largest holding. Vanguard Personalized Indexing Management LLC’s holdings in Walmart were worth $30,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Core Wealth Advisors Inc. increased its holdings in Walmart by 38.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares during the period. Liberty Wealth Management LLC purchased a new position in Walmart during the 1st quarter valued at about $270,000. Commerce Bank increased its holdings in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 2.4 %

NYSE:WMT opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $631.97 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The business has a fifty day moving average price of $72.90 and a 200-day moving average price of $66.48.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 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 firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the business posted $0.61 EPS. Walmart’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction 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. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,203,360 shares of company stock worth $788,678,803. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Wells Fargo & Company upped their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group upped their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group upped their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.