SteelPeak Wealth LLC Purchases 7,501 Shares of Walmart Inc. (NYSE:WMT)

SteelPeak Wealth LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 17.4% during the third quarter, HoldingsChannel reports. The firm owned 50,670 shares of the retailer’s stock after buying an additional 7,501 shares during the quarter. SteelPeak Wealth LLC’s holdings in Walmart were worth $4,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Swiss National Bank raised its position in shares of Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Walmart by 184.1% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. Tigress Financial raised their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. KeyCorp raised their price objective on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group increased their target price on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $83.83.

Walmart Price Performance

Shares of WMT opened at $81.43 on Thursday. The company’s 50-day moving average is $79.54 and its 200-day moving average is $70.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $654.55 billion, a PE ratio of 42.41, a PEG 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 $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock worth $958,577,287 in the last ninety days. 45.58% of the stock is owned by company insiders.

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.