Hudson Valley Investment Advisors Inc. ADV Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Hudson Valley Investment Advisors Inc. ADV grew its position in shares of Walmart Inc. (NYSE:WMT) by 166.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,509 shares of the retailer’s stock after purchasing an additional 25,284 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Walmart were worth $3,271,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WMT. Vanguard Group Inc. grew its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc boosted its stake in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates boosted its stake in Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Down 0.3 %

WMT opened at $81.43 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $654.55 billion, a P/E ratio of 42.41, a PEG ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The business’s fifty day simple moving average is $79.54 and its 200 day simple moving average is $70.86.

Walmart (NYSE:WMT) last posted 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. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $47,687,998,026.24. The trade was 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 S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock worth $958,577,287 in the last 90 days. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on WMT shares. Royal Bank of Canada lifted their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Oppenheimer lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Jefferies Financial Group lifted their target price 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. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and an average price target of $83.83.

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.