Walmart Inc. (NYSE:WMT) Shares Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 164.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the retailer’s stock after purchasing an additional 1,539 shares during the period. Rakuten Securities Inc.’s holdings in Walmart were worth $200,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in Walmart by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,351,354 shares of the retailer’s stock worth $916,622,000 after purchasing an additional 159,612 shares in the last quarter. Apollon Financial LLC raised its holdings in Walmart by 32.4% during the third quarter. Apollon Financial LLC now owns 6,930 shares of the retailer’s stock worth $560,000 after purchasing an additional 1,694 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Walmart by 2,049.3% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 140,606 shares of the retailer’s stock worth $11,354,000 after purchasing an additional 134,064 shares in the last quarter. Patron Partners LLC increased its holdings in Walmart by 2.9% in the third quarter. Patron Partners LLC now owns 14,389 shares of the retailer’s stock valued at $1,162,000 after buying an additional 403 shares in the last quarter. Finally, WealthPlan Investment Management LLC increased its holdings in Walmart by 12.3% in the third quarter. WealthPlan Investment Management LLC now owns 208,937 shares of the retailer’s stock valued at $16,872,000 after buying an additional 22,961 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Tigress Financial increased their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Robert W. Baird increased their target price on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $83.00 target price (up from $81.00) on shares of Walmart in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus target price of $83.92.

Walmart Stock Down 0.7 %

Shares of WMT opened at $84.21 on Tuesday. The firm has a market cap of $676.90 billion, a PE ratio of 43.86, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The company’s fifty day moving average is $80.67 and its two-hundred day moving average is $72.27. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. 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 quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.