Harvest Fund Management Co. Ltd Has $1.66 Million Stock Position in Walmart Inc. (NYSE:WMT)

Harvest Fund Management Co. Ltd cut its holdings in Walmart Inc. (NYSE:WMT) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,516 shares of the retailer’s stock after selling 4,375 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Walmart were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Davis R M Inc. boosted its position in shares of Walmart by 12.7% during the 3rd quarter. Davis R M Inc. now owns 12,548 shares of the retailer’s stock worth $1,013,000 after purchasing an additional 1,413 shares in the last quarter. Fisher Asset Management LLC increased its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Walmart by 8.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 718,194 shares of the retailer’s stock worth $57,994,000 after buying an additional 53,306 shares during the period. Marco Investment Management LLC boosted its holdings in Walmart by 0.6% in the third quarter. Marco Investment Management LLC now owns 269,382 shares of the retailer’s stock worth $21,753,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in Walmart by 1.8% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,973 shares of the retailer’s stock valued at $5,650,000 after acquiring an additional 1,265 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WMT shares. DA Davidson upped their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Piper Sandler lifted their price objective 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 report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. 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.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Price Performance

Shares of NYSE:WMT opened at $89.45 on Tuesday. The firm has a market capitalization of $719.02 billion, a PE ratio of 36.71, a P/E/G ratio of 4.29 and a beta of 0.51. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $82.29 and a two-hundred day moving average price of $74.14. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.95.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

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.