Walmart Inc. (NYSE:WMT) Stock Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,659,844 shares of the retailer’s stock after acquiring an additional 2,107,197 shares during the quarter. Walmart accounts for 1.6% of Fisher Asset Management LLC’s portfolio, making the stock its 12th largest position. Fisher Asset Management LLC owned about 0.59% of Walmart worth $3,848,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Daiwa Securities Group Inc. raised its position in shares of Walmart by 8.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 718,194 shares of the retailer’s stock worth $57,994,000 after buying an additional 53,306 shares in the last quarter. Marco Investment Management LLC raised its holdings in Walmart by 0.6% during the third quarter. Marco Investment Management LLC now owns 269,382 shares of the retailer’s stock worth $21,753,000 after purchasing an additional 1,555 shares in the last quarter. Pekin Hardy Strauss Inc. lifted its position in Walmart by 1.8% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,973 shares of the retailer’s stock worth $5,650,000 after purchasing an additional 1,265 shares during the period. Summit Trail Advisors LLC increased its position in shares of Walmart by 25.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 44,872 shares of the retailer’s stock valued at $3,623,000 after purchasing an additional 9,027 shares during the period. Finally, Cahill Financial Advisors Inc. raised its stake in shares of Walmart by 4.2% in the 3rd quarter. Cahill Financial Advisors Inc. now owns 3,681 shares of the retailer’s stock worth $297,000 after buying an additional 150 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

WMT opened at $90.44 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $726.98 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51. The stock has a 50-day moving average of $82.12 and a 200-day moving average of $73.94. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $90.91.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their price target on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Finally, UBS Group upped their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $91.88.

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.