BIP Wealth LLC Buys 1,496 Shares of Walmart Inc. (NYSE:WMT)

BIP Wealth LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 10.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,194 shares of the retailer’s stock after purchasing an additional 1,496 shares during the quarter. BIP Wealth LLC’s holdings in Walmart were worth $1,308,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 181.0% during 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 period. Canada Pension Plan Investment Board boosted its stake in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares during the period. International Assets Investment Management LLC boosted its position in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the period. BlueSpruce Investments LP increased its holdings in shares of Walmart by 186.6% in the first quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after purchasing an additional 6,727,200 shares during the last quarter. Finally, Boston Partners raised its position in shares of Walmart by 202.5% in the first quarter. Boston Partners now owns 9,431,662 shares of the retailer’s stock valued at $567,499,000 after purchasing an additional 6,314,185 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WMT shares. TD Cowen increased their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada lifted their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus target price of $86.71.

Walmart Stock Performance

NYSE WMT opened at $84.09 on Tuesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The company has a fifty day moving average of $81.43 and a 200-day moving average of $73.15. The company has a market capitalization of $675.94 billion, a P/E ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were 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 directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

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.