TCW Group Inc. Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

TCW Group Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 140.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,115 shares of the retailer’s stock after buying an additional 88,177 shares during the quarter. TCW Group Inc.’s holdings in Walmart were worth $12,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter worth $26,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter worth about $29,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Hoese & Co LLP purchased a new position in Walmart during the 3rd quarter valued at about $33,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.5 %

Shares of WMT opened at $94.98 on Thursday. The stock has a market capitalization of $763.01 billion, a P/E ratio of 38.98, a PEG ratio of 4.49 and a beta of 0.54. Walmart Inc. has a twelve month low of $50.08 and a twelve month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $85.27 and a two-hundred day simple moving average of $76.49.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada upped their price objective on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.40.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder S Robson Walton sold 1,804,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the completion of the sale, the insider now directly owns 605,979,318 shares of the company’s stock, valued at approximately $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,309,091 shares of company stock worth $183,375,539. 45.58% of the stock is currently owned by insiders.

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.