Cadinha & Co. LLC Has $19.56 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Cadinha & Co. LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 1,451.8% in the fourth quarter, HoldingsChannel reports. The firm owned 216,510 shares of the retailer’s stock after purchasing an additional 202,558 shares during the period. Walmart makes up approximately 3.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 13th biggest holding. Cadinha & Co. LLC’s holdings in Walmart were worth $19,562,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Jennison Associates LLC raised its stake in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the last quarter. FMR LLC raised its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $92.02 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The company’s 50 day moving average price is $91.15 and its two-hundred day moving average price is $81.37. The company has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55.

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

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly 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 a total of 140,177 shares of company stock worth $12,478,149 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Tigress Financial raised their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, January 10th. Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.49.

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.