2,601 Shares in Walmart Inc. (NYSE:WMT) Bought by Cadent Capital Advisors LLC

by · The Markets Daily

Cadent Capital Advisors LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,601 shares of the retailer’s stock, valued at approximately $210,000.

Several other institutional investors have also modified their holdings of WMT. Vanguard Group Inc. boosted its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Swiss National Bank increased its position in shares of Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at $44,648,499. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,267,901 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $81.31 on Friday. The stock has a market capitalization of $653.59 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. 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 business has a 50-day moving average of $77.90 and a 200 day moving average of $69.61. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. DA Davidson increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. Barclays increased their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Morgan Stanley boosted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $82.96.

Check Out Our Latest Research Report on Walmart

Walmart Profile

(Free Report)

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.

See Also

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