Natixis Advisors LLC Has $150.83 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Natixis Advisors LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 6.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,867,829 shares of the retailer’s stock after acquiring an additional 106,925 shares during the quarter. Natixis Advisors LLC’s holdings in Walmart were worth $150,827,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Vishria Bird Financial Group LLC boosted its holdings in Walmart by 23.9% during the third quarter. Vishria Bird Financial Group LLC now owns 6,222 shares of the retailer’s stock worth $502,000 after purchasing an additional 1,200 shares during the last quarter. Coastline Trust Co lifted its position in Walmart by 50.5% during the 3rd quarter. Coastline Trust Co now owns 35,352 shares of the retailer’s stock worth $2,855,000 after buying an additional 11,857 shares in the last quarter. Gouws Capital LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $202,000. Archer Investment Corp grew its holdings in shares of Walmart by 2.3% in the 3rd quarter. Archer Investment Corp now owns 28,970 shares of the retailer’s stock valued at $2,339,000 after acquiring an additional 651 shares in the last quarter. Finally, Empirical Finance LLC increased its position in shares of Walmart by 2.4% in the third quarter. Empirical Finance LLC now owns 146,589 shares of the retailer’s stock valued at $11,837,000 after acquiring an additional 3,387 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $84.25 on Friday. The stock has a market cap of $677.22 billion, a P/E ratio of 43.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. 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 stock has a 50 day simple moving average of $81.29 and a 200 day simple moving average of $72.78.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. TD Cowen increased their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $85.18.

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.