M&T Bank Corp Purchases 11,022 Shares of Walmart Inc. (NYSE:WMT)

M&T Bank Corp grew its position in shares of Walmart Inc. (NYSE:WMT) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 713,852 shares of the retailer’s stock after buying an additional 11,022 shares during the quarter. M&T Bank Corp’s holdings in Walmart were worth $57,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Fisher Asset Management LLC raised 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after buying an additional 350,881 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after purchasing an additional 105,430 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,243,091 shares of company stock valued at $257,591,179. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $93.87 on Tuesday. The firm has a 50 day moving average of $85.00 and a two-hundred day moving average of $76.28. The stock has a market capitalization of $754.55 billion, a PE ratio of 38.52, a P/E/G ratio of 4.54 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMT shares. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. UBS Group raised their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird boosted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Guggenheim raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $92.11.

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.