Cardinal Capital Management Grows Stock Position in Walmart Inc. (NYSE:WMT)

Cardinal Capital Management boosted its stake in Walmart Inc. (NYSE:WMT) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,494 shares of the retailer’s stock after acquiring an additional 436 shares during the quarter. Walmart comprises about 1.5% of Cardinal Capital Management’s holdings, making the stock its 17th largest holding. Cardinal Capital Management’s holdings in Walmart were worth $7,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Geode Capital Management LLC boosted its stake in shares of Walmart by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 25,104,994 shares of the retailer’s stock valued at $3,691,763,000 after buying an additional 249,501 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Walmart by 112,181.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after buying an additional 22,834,564 shares during the last quarter. Morgan Stanley boosted its stake in shares of Walmart by 9.4% during the 4th quarter. Morgan Stanley now owns 22,382,688 shares of the retailer’s stock valued at $3,173,642,000 after buying an additional 1,923,199 shares during the last quarter. Norges Bank bought a new position in Walmart during the fourth quarter worth $2,598,736,000. Finally, Bank of New York Mellon Corp lifted its stake in Walmart by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 11,685,848 shares of the retailer’s stock worth $1,515,655,000 after purchasing an additional 33,452 shares during the last quarter. Hedge funds and other institutional investors own 33.18% of the company’s stock.

Walmart Trading Down 0.7 %

Shares of NYSE WMT opened at $163.42 on Tuesday. Walmart Inc. has a one year low of $128.07 and a one year high of $165.85. The firm has a market capitalization of $439.85 billion, a PE ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $159.34 and a two-hundred day moving average price of $152.70.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The firm had revenue of $161.63 billion during the quarter, compared to analyst estimates of $160.22 billion. During the same period last year, the company posted $1.77 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 6.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total transaction of $159,480.00. Following the completion of the sale, the executive vice president now directly owns 170,735 shares of the company’s stock, valued at approximately $27,228,817.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $159.58, for a total transaction of $1,549,202.64. Following the completion of the sale, the chief executive officer now directly owns 1,480,924 shares of the company’s stock, valued at approximately $236,325,851.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total value of $159,480.00. Following the sale, the executive vice president now directly owns 170,735 shares of the company’s stock, valued at $27,228,817.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,493,773 shares of company stock worth $1,005,802,298. 46.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMT. Truist Financial increased their target price on Walmart from $166.00 to $168.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Jefferies Financial Group increased their target price on Walmart from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Guggenheim increased their target price on Walmart from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Evercore ISI increased their target price on Walmart from $175.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Finally, UBS Group increased their target price on Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Four 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 price target of $176.51.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.