GAM Holding AG Invests $2.04 Million in Walmart Inc. (NYSE:WMT)

GAM Holding AG purchased a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,574 shares of the retailer’s stock, valued at approximately $2,040,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB boosted its position in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in Walmart by 18.8% during the 3rd quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock valued at $955,000 after acquiring an additional 1,867 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in Walmart by 21.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock worth $2,069,000 after purchasing an additional 4,455 shares during the last quarter. McClarren Financial Advisors Inc. increased its stake in Walmart by 351.1% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock valued at $98,000 after purchasing an additional 948 shares in the last quarter. Finally, Violich Capital Management Inc. boosted its position in Walmart by 1.5% in the third quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock valued at $1,064,000 after buying an additional 200 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WMT shares. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. UBS Group lifted their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. BMO Capital Markets upped their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Piper Sandler boosted their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $100.53.

Walmart Trading Down 1.0 %

Shares of WMT stock opened at $104.04 on Tuesday. The firm has a market capitalization of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business’s fifty day moving average price is $94.99 and its 200 day moving average price is $85.56. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.