Forsta AP Fonden lifted its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,149,100 shares of the retailer’s stock after purchasing an additional 9,800 shares during the period. Walmart comprises about 0.7% of Forsta AP Fonden’s holdings, making the stock its 20th largest position. Forsta AP Fonden’s holdings in Walmart were worth $103,821,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC increased its stake in Walmart by 6.5% in the 2nd quarter. Anchor Investment Management LLC now owns 85,145 shares of the retailer’s stock valued at $5,765,000 after buying an additional 5,194 shares during the period. Mattson Financial Services LLC acquired a new position in shares of Walmart during the second quarter worth about $2,924,000. Neville Rodie & Shaw Inc. raised its holdings in Walmart by 1.8% during the third quarter. Neville Rodie & Shaw Inc. now owns 20,504 shares of the retailer’s stock worth $1,656,000 after purchasing an additional 356 shares in the last quarter. Waller Financial Planning Group Inc. acquired a new stake in Walmart in the third quarter valued at about $226,000. Finally, Abacus Planning Group Inc. boosted its holdings in Walmart by 3.2% in the 3rd quarter. Abacus Planning Group Inc. now owns 16,456 shares of the retailer’s stock valued at $1,329,000 after purchasing an additional 507 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Walmart
In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 in the last ninety days. Insiders own 45.58% of the company’s stock.
Walmart Stock Up 1.1 %
Walmart (NYSE:WMT – Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.
Wall Street Analysts Forecast Growth
WMT has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two equities research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.69.
Read Our Latest Stock Analysis on Walmart
About Walmart
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.
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