Tevis Investment Management Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Tevis Investment Management lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 19.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,447 shares of the retailer’s stock after selling 3,636 shares during the quarter. Tevis Investment Management’s holdings in Walmart were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Walmart by 181.0% in the 1st 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 period. Swiss National Bank lifted its position in Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after buying an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after buying an additional 8,144,393 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WMT shares. Robert W. Baird raised their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley upped their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Sanford C. Bernstein assumed coverage on Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective for the company. Finally, TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $83.83.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on 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 owns 384,165 shares in the company, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on 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 sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

NYSE:WMT opened at $81.43 on Thursday. The stock has a fifty day simple moving average of $79.54 and a 200-day simple moving average of $70.86. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market cap of $654.55 billion, a price-to-earnings ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.