Vontobel Holding Ltd. Buys 29,239 Shares of Walmart Inc. (NYSE:WMT)

Vontobel Holding Ltd. grew its stake in Walmart Inc. (NYSE:WMTGet Rating) by 34.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,786 shares of the retailer’s stock after purchasing an additional 29,239 shares during the period. Vontobel Holding Ltd.’s holdings in Walmart were worth $14,757,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AMI Investment Management Inc. raised its holdings in shares of Walmart by 1.6% in the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock worth $1,231,000 after buying an additional 132 shares during the period. Zions Bancorporation N.A. raised its holdings in shares of Walmart by 36.8% in the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after buying an additional 1,296 shares during the period. Covestor Ltd raised its holdings in shares of Walmart by 31.7% in the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after buying an additional 280 shares during the period. Ergoteles LLC raised its holdings in shares of Walmart by 123.9% in the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock worth $1,573,000 after buying an additional 5,847 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Walmart by 1.7% in the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock worth $127,749,000 after buying an additional 13,985 shares during the period. 31.27% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, Director S Robson Walton sold 493,782 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $152.55, for a total value of $75,326,444.10. Following the transaction, the director now owns 274,138,135 shares in the company, valued at approximately $41,819,772,494.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $140.94, for a total value of $616,612.50. Following the transaction, the executive vice president now owns 263,809 shares in the company, valued at approximately $37,181,240.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 493,782 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $152.55, for a total transaction of $75,326,444.10. Following the completion of the transaction, the director now owns 274,138,135 shares in the company, valued at approximately $41,819,772,494.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,831,902 shares of company stock worth $1,312,822,421. 47.06% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $143.02 on Wednesday. The firm has a market capitalization of $385.70 billion, a price-to-earnings ratio of 44.14, a price-to-earnings-growth ratio of 4.27 and a beta of 0.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.86. The company has a 50 day moving average price of $146.42 and a 200 day moving average price of $138.27. Walmart Inc. has a one year low of $117.27 and a one year high of $160.77.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.18. The business had revenue of $152.80 billion for the quarter, compared to analyst estimates of $146.80 billion. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Sell-side analysts anticipate that Walmart Inc. will post 6.08 EPS for the current year.

Walmart declared that its Board of Directors has approved a share repurchase program on Tuesday, November 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to buy up to 5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup raised their price objective on Walmart from $162.00 to $169.00 in a report on Wednesday, November 16th. TheStreet upgraded Walmart from a “c+” rating to a “b” rating in a report on Thursday, September 29th. Telsey Advisory Group lifted their price target on Walmart from $160.00 to $165.00 and gave the company an “outperform” rating in a report on Wednesday, November 16th. KeyCorp lifted their price target on Walmart from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, November 16th. Finally, Evercore ISI lifted their price target on Walmart from $135.00 to $140.00 and gave the company an “in-line” rating in a report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.42.

Walmart Profile

(Get Rating)

Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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