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

Logan Capital Management Inc. lifted its holdings in Walmart Inc. (NYSE:WMT) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,614 shares of the retailer’s stock after buying an additional 188 shares during the period. Logan Capital Management Inc.’s holdings in Walmart were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC lifted its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC grew its holdings in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after acquiring an additional 2,246,656 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,309,091 shares of company stock valued at $183,375,539 over the last quarter. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.4 %

WMT stock opened at $94.26 on Friday. The company’s 50 day moving average price is $86.10 and its 200 day moving average price is $76.94. The firm has a market capitalization of $757.19 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 4.47 and a beta of 0.54. Walmart Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $96.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Melius Research began coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Roth Mkm lifted their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial increased their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.33.

Walmart 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.