Walmart Inc. (NYSE:WMT) Stock Holdings Boosted by Jag Capital Management LLC

Jag Capital Management LLC boosted its position in Walmart Inc. (NYSE:WMT) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,413 shares of the retailer’s stock after buying an additional 132 shares during the quarter. Jag Capital Management LLC’s holdings in Walmart were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp raised its stake in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after acquiring an additional 1,397 shares in the last quarter. Dupont Capital Management Corp raised its stake in shares of Walmart by 165.4% during the first 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. Manchester Capital Management LLC lifted its holdings in Walmart by 201.4% in the first quarter. Manchester Capital Management LLC now owns 31,424 shares of the retailer’s stock worth $1,891,000 after purchasing an additional 20,997 shares during the period. Staley Capital Advisers Inc. bought a new position in Walmart in the 1st quarter valued at about $215,000. Finally, Advisory Services Network LLC increased its stake in Walmart by 210.7% during the 1st quarter. Advisory Services Network LLC now owns 235,938 shares of the retailer’s stock valued at $14,196,000 after buying an additional 159,994 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Walmart Stock Performance

Shares of NYSE WMT opened at $84.90 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $85.54. The business’s 50-day moving average price is $80.53 and its two-hundred day moving average price is $72.10. The company has a market capitalization of $682.45 billion, a P/E ratio of 44.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly 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 business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The firm’s quarterly 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 fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on WMT. Morgan Stanley increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. Jefferies Financial Group upped their price objective on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus lifted their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Finally, StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and a consensus target price of $83.92.

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.