Toronto Dominion Bank Grows Stake in Walmart Inc. (NYSE:WMT)

Toronto Dominion Bank lifted its stake in Walmart Inc. (NYSE:WMT) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,337,363 shares of the retailer’s stock after purchasing an additional 71,075 shares during the quarter. Toronto Dominion Bank’s holdings in Walmart were worth $188,742,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter worth approximately $2,072,000. Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after buying an additional 350,881 shares in the last quarter. Oxbow Advisors LLC boosted its position in 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. Finally, Crossmark Global Holdings Inc. increased 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 worth $47,400,000 after acquiring an additional 105,430 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 1,804,000 shares of Walmart stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the transaction, the insider now directly owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. The trade was a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at $34,691,507.55. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,243,091 shares of company stock worth $257,591,179. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $94.57 on Wednesday. The company has a market capitalization of $759.72 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. The business’s 50 day moving average is $85.00 and its two-hundred day moving average is $76.28. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WMT. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. DA Davidson increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group boosted their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group 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 Friday, November 15th. Two equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $92.27.

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.