Rockefeller Capital Management L.P. Has $135.18 Million Stake in Walmart Inc. (NYSE:WMT)

Rockefeller Capital Management L.P. reduced its position in Walmart Inc. (NYSE:WMT) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,675,034 shares of the retailer’s stock after selling 255,977 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Walmart were worth $135,179,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after purchasing an additional 350,881 shares in the last quarter. Oxbow Advisors LLC grew its stake in shares of Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after buying an additional 8,834 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after buying an additional 105,430 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price target on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. TD Cowen increased their price target 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. Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Stock Performance

Shares of Walmart stock opened at $91.88 on Friday. The business has a fifty day simple moving average of $83.08 and a two-hundred day simple moving average of $74.60. The firm has a market capitalization of $738.55 billion, a P/E ratio of 37.71, a P/E/G ratio of 4.36 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $92.25.

Walmart (NYSE:WMT) last announced its quarterly 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 net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on 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 owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company 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.