ProShare Advisors LLC Purchases 114,873 Shares of Walmart Inc. (NYSE:WMT)

ProShare Advisors LLC lifted its position in shares of Walmart Inc. (NYSE:WMTGet Rating) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,523,098 shares of the retailer’s stock after purchasing an additional 114,873 shares during the period. Walmart comprises 0.8% of ProShare Advisors LLC’s investment portfolio, making the stock its 16th largest holding. ProShare Advisors LLC owned approximately 0.06% of Walmart worth $197,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 7.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 23,919,371 shares of the retailer’s stock valued at $2,908,117,000 after acquiring an additional 1,685,320 shares during the last quarter. Walker Asset Management LLC boosted its holdings in Walmart by 6,198.0% in the second quarter. Walker Asset Management LLC now owns 1,457,491 shares of the retailer’s stock valued at $201,526,000 after acquiring an additional 1,434,349 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Walmart by 34.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock valued at $783,056,000 after acquiring an additional 1,340,328 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Walmart by 85.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,399,536 shares of the retailer’s stock valued at $357,339,000 after acquiring an additional 1,104,427 shares during the last quarter. Finally, Castleview Partners LLC boosted its holdings in Walmart by 13,928.8% in the second quarter. Castleview Partners LLC now owns 1,018,354 shares of the retailer’s stock valued at $8,376,000 after acquiring an additional 1,011,095 shares during the last quarter. 31.27% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In other news, Director S Robson Walton sold 350,000 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $143.31, for a total transaction of $50,158,500.00. Following the completion of the transaction, the director now owns 267,693,635 shares in the company, valued at approximately $38,363,174,831.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, Director S Robson Walton sold 350,000 shares of the firm’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $143.31, for a total value of $50,158,500.00. Following the completion of the transaction, the director now owns 267,693,635 shares in the company, valued at approximately $38,363,174,831.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $140.94, for a total value of $616,612.50. Following the completion of the transaction, the executive vice president now owns 263,809 shares of the company’s stock, valued at approximately $37,181,240.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,831,902 shares of company stock worth $1,312,822,421. 47.06% of the stock is owned by company insiders.

Walmart Stock Performance

NYSE:WMT traded down $1.52 during trading on Wednesday, reaching $141.50. The company’s stock had a trading volume of 238,726 shares, compared to its average volume of 5,167,602. The firm has a market cap of $381.60 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 firm has a 50 day moving average of $146.42 and a 200-day moving average of $138.27. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77.

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

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMT. Truist Financial upped their target price on Walmart from $134.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 16th. DA Davidson boosted their price target on Walmart from $163.00 to $173.00 and gave the company a “buy” rating in a research note on Wednesday, November 16th. Bank of America boosted their price target on Walmart from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, November 16th. KeyCorp boosted their price target on Walmart from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, November 16th. Finally, Raymond James boosted their price target on Walmart from $150.00 to $160.00 in a research note on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.42.

About Walmart

(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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