Walmart Inc. (NYSE:WMT) Shares Acquired by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its position in Walmart Inc. (NYSE:WMT) by 45.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,453 shares of the retailer’s stock after purchasing an additional 8,834 shares during the period. Oxbow Advisors LLC’s holdings in Walmart were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Commerce Bank grew its stake in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new position in Walmart in the 1st quarter valued at about $723,000. Carson Advisory Inc. boosted its holdings in Walmart by 206.5% in the 1st quarter. Carson Advisory Inc. now owns 10,144 shares of the retailer’s stock worth $610,000 after buying an additional 6,834 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Walmart by 159.0% during the 1st quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock worth $15,864,000 after buying an additional 161,846 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.98 on Friday, reaching $84.83. The company’s stock had a trading volume of 14,396,543 shares, compared to its average volume of 16,777,629. The stock has a market capitalization of $681.88 billion, a P/E ratio of 44.13, a PEG ratio of 4.18 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The stock’s 50-day moving average is $80.53 and its two-hundred day moving average is $71.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. KeyCorp increased their price objective on shares of Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday. Finally, DA Davidson boosted their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $83.92.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. Company insiders own 45.58% of the company’s stock.

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.