Vance Wealth Inc. Grows Position in Walmart Inc. (NYSE:WMT)

Vance Wealth Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,762 shares of the retailer’s stock after buying an additional 176 shares during the period. Vance Wealth Inc.’s holdings in Walmart were worth $385,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WMT. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after buying an additional 8,225,552 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares in the last quarter. BlueSpruce Investments LP lifted its position in shares of Walmart by 186.6% during the 1st quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after buying an additional 6,727,200 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Walmart by 202.5% during the 1st quarter. Boston Partners now owns 9,431,662 shares of the retailer’s stock valued at $567,499,000 after buying an additional 6,314,185 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.2 %

Shares of NYSE:WMT opened at $84.09 on Tuesday. The business’s 50-day moving average is $81.43 and its 200 day moving average is $73.15. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The firm has a market capitalization of $675.94 billion, a P/E ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company 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 research note on Friday, August 16th. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird lifted their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Finally, Bank of America lifted their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Buy” and an average target price of $86.71.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.