Infusive Asset Management Inc. Boosts Position in Walmart Inc. (NYSE:WMT)

Infusive Asset Management Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 234.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,561 shares of the retailer’s stock after purchasing an additional 66,275 shares during the quarter. Walmart comprises about 3.2% of Infusive Asset Management Inc.’s investment portfolio, making the stock its 9th largest holding. Infusive Asset Management Inc.’s holdings in Walmart were worth $7,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Summit Financial Wealth Advisors LLC grew its stake in shares of Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares in the last quarter. Providence Wealth Advisors LLC lifted its holdings in Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares during the last quarter. CAP Partners LLC lifted its holdings in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the last quarter. Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares during the last quarter. Finally, Jag Capital Management LLC lifted its holdings in shares of Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. JPMorgan Chase & Co. upped their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. KeyCorp raised their target price on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Stock Performance

Shares of NYSE:WMT opened at $91.88 on Friday. The firm has a 50 day moving average of $83.08 and a 200 day moving average of $74.60. The company has a market capitalization of $738.55 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $92.25.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart 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.