Walmart Inc. (NYSE:WMT) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its position in Walmart Inc. (NYSE:WMT) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,093 shares of the retailer’s stock after acquiring an additional 6,349 shares during the quarter. Walmart accounts for about 0.5% of Metis Global Partners LLC’s investment portfolio, making the stock its 28th largest holding. Metis Global Partners LLC’s holdings in Walmart were worth $16,561,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Curi RMB Capital LLC boosted its stake in shares of Walmart by 43.2% in the third quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer’s stock valued at $1,974,000 after purchasing an additional 7,381 shares during the period. Wealthstream Advisors Inc. lifted its holdings in Walmart by 11.1% in the 3rd quarter. Wealthstream Advisors Inc. now owns 3,571 shares of the retailer’s stock worth $288,000 after buying an additional 358 shares in the last quarter. KBC Group NV boosted its position in Walmart by 1.8% in the 3rd quarter. KBC Group NV now owns 1,181,078 shares of the retailer’s stock valued at $95,372,000 after buying an additional 20,987 shares during the last quarter. Huntington National Bank grew its stake in shares of Walmart by 3.2% during the third quarter. Huntington National Bank now owns 1,611,608 shares of the retailer’s stock valued at $130,138,000 after acquiring an additional 50,053 shares in the last quarter. Finally, ROI Financial Advisors LLC increased its position in shares of Walmart by 12.4% during the third quarter. ROI Financial Advisors LLC now owns 39,026 shares of the retailer’s stock worth $3,151,000 after acquiring an additional 4,314 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety 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.

Walmart Price Performance

Shares of NYSE:WMT opened at $85.54 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $80.99 and its two-hundred day moving average is $72.53. The firm has a market capitalization of $687.59 billion, a P/E ratio of 44.47, a PEG ratio of 4.25 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Royal Bank of Canada increased their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Jefferies Financial Group lifted their price target on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $84.84.

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.