Asahi Life Asset Management CO. LTD. boosted its position in Walmart Inc. (NYSE:WMT – Free Report) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund owned 14,438 shares of the retailer’s stock after buying an additional 534 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Walmart were worth $1,412,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Access Investment Management LLC bought a new position in Walmart in the second quarter worth approximately $26,000. Operose Advisors LLC boosted its holdings in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC boosted its holdings in Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after acquiring an additional 233 shares in the last quarter. Bear Mountain Capital Inc. boosted its holdings in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.
Walmart Stock Performance
Shares of Walmart stock opened at $101.47 on Thursday. The business’s fifty day simple moving average is $102.80 and its 200 day simple moving average is $99.34. The firm has a market capitalization of $809.01 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. Walmart Inc. has a 12 month low of $79.81 and a 12 month high of $109.57. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.
Insider Buying and Selling at Walmart
In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, October 20th. The stock was sold at an average price of $107.75, for a total transaction of $431,000.00. Following the sale, the executive vice president directly owned 1,044,455 shares in the company, valued at approximately $112,540,026.25. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $101.18, for a total value of $222,596.00. Following the sale, the executive vice president owned 619,518 shares in the company, valued at $62,682,831.24. This trade represents a 0.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 151,038 shares of company stock valued at $15,531,616 in the last ninety days. 0.10% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. dropped their target price on Walmart from $130.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Mizuho restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Wednesday, August 13th. UBS Group restated a “buy” rating and issued a $122.00 target price (up previously from $110.00) on shares of Walmart in a report on Thursday, October 23rd. Evercore ISI restated an “outperform” rating and issued a $111.00 target price (up previously from $110.00) on shares of Walmart in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada set a $116.00 target price on Walmart and gave the company an “outperform” rating in a report on Wednesday, October 29th. Thirty-one investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.40.
Read Our Latest Stock Analysis on Walmart
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.
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