Walmart Inc. (NYSE:WMT) Shares Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 37.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,511 shares of the retailer’s stock after buying an additional 8,100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Walmart were worth $2,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the period. Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the period. Inspire Advisors LLC lifted its holdings in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Walmart by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares during the last quarter. Finally, Trust Co of the South boosted its position in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Evercore ISI raised their price objective on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. KeyCorp boosted their target price on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Tigress Financial boosted their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus price target of $83.92.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $84.83 on Friday. The firm has a 50 day moving average of $80.53 and a two-hundred day moving average of $71.92. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The company has a market capitalization of $681.88 billion, a price-to-earnings ratio of 44.11, a P/E/G ratio of 4.25 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the company posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.