Walmart Inc. (NYSE:WMT) Position Raised by Pathstone Holdings LLC

Pathstone Holdings LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 503,665 shares of the retailer’s stock after purchasing an additional 21,800 shares during the period. Pathstone Holdings LLC’s holdings in Walmart were worth $40,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth $29,000. Finally, FSA Wealth Management LLC increased its holdings in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart 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 transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.2 %

WMT opened at $84.09 on Tuesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The company’s 50-day moving average price is $81.43 and its two-hundred day moving average price is $73.15. The stock has a market cap of $675.94 billion, a price-to-earnings ratio of 43.72, a PEG ratio of 4.20 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. Stifel Nicolaus lifted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Sanford C. Bernstein began coverage on shares of Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $86.71.

About Walmart

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.