Walmart Inc. (NYSE:WMT) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 18.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,449 shares of the retailer’s stock after acquiring an additional 10,869 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Walmart were worth $5,527,000 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. Vanguard Group Inc. boosted its holdings in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Legal & General Group Plc boosted its holdings in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates boosted its holdings in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after purchasing an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the company 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.51.

Walmart Trading Up 1.5 %

Shares of NYSE:WMT opened at $82.02 on Wednesday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $82.22. The company’s 50 day moving average is $78.42 and its two-hundred day moving average is $69.99. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market cap of $659.73 billion, a PE ratio of 35.05, a P/E/G ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm posted $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares in the company, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,267,901. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.