Callahan Advisors LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Callahan Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,234 shares of the retailer’s stock after buying an additional 2,100 shares during the period. Walmart accounts for 1.6% of Callahan Advisors LLC’s portfolio, making the stock its 20th biggest holding. Callahan Advisors LLC’s holdings in Walmart were worth $16,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. WFA Asset Management Corp increased its position in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp increased its position in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the last quarter. Capital Investment Counsel Inc increased its position in shares of Walmart by 161.1% during the 1st quarter. Capital Investment Counsel Inc now owns 306,248 shares of the retailer’s stock valued at $18,427,000 after purchasing an additional 188,935 shares during the last quarter. GLOBALT Investments LLC GA increased its position in shares of Walmart by 198.2% during the 1st quarter. GLOBALT Investments LLC GA now owns 135,896 shares of the retailer’s stock valued at $8,177,000 after purchasing an additional 90,327 shares during the last quarter. Finally, Kinsale Capital Group Inc. increased its position in shares of Walmart by 255.0% during the 1st quarter. Kinsale Capital Group Inc. now owns 88,371 shares of the retailer’s stock valued at $5,317,000 after purchasing an additional 63,479 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on WMT shares. TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Truist Financial raised Walmart from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $83.89.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.5 %

Shares of WMT stock opened at $83.69 on Wednesday. The stock’s 50-day simple moving average is $80.08 and its 200-day simple moving average is $71.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market capitalization of $672.72 billion, a PE ratio of 43.51, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.77.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

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.