Walmart Inc. (NYSE:WMT) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in shares of Walmart Inc. (NYSE:WMT) by 21.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 587,001 shares of the retailer’s stock after purchasing an additional 105,430 shares during the period. Walmart accounts for approximately 0.8% of Crossmark Global Holdings Inc.’s portfolio, making the stock its 13th largest position. Crossmark Global Holdings Inc.’s holdings in Walmart were worth $47,400,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its position in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Sustainable Insight Capital Management LLC acquired a new position in Walmart during the first quarter worth approximately $723,000. Anchor Capital Advisors LLC lifted its stake in Walmart by 159.0% in the first quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock valued at $15,864,000 after buying an additional 161,846 shares during the last quarter. Oxbow Advisors LLC boosted its holdings in shares of Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after acquiring an additional 8,834 shares during the period. Finally, Whalerock Point Partners LLC grew its position in shares of Walmart by 213.5% during the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after acquiring an additional 20,167 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock traded up $0.98 during trading on Friday, hitting $84.83. 14,396,543 shares of the stock were exchanged, compared to its average volume of 11,546,657. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The stock’s fifty day moving average is $80.53 and its 200 day moving average is $71.92. The stock has a market cap of $681.88 billion, a PE ratio of 44.11, a P/E/G ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) 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 analysts’ expectations of $168.56 billion. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WMT shares. KeyCorp raised their price objective on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI boosted their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $83.92.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the 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 can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 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.