Walmart Inc. (NYSE:WMT) Stock Holdings Lifted by Brooklyn Investment Group

Brooklyn Investment Group lifted its position in Walmart Inc. (NYSE:WMT) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 34,027 shares of the retailer’s stock after buying an additional 1,930 shares during the period. Walmart makes up approximately 0.9% of Brooklyn Investment Group’s investment portfolio, making the stock its 18th biggest holding. Brooklyn Investment Group’s holdings in Walmart were worth $3,074,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC increased its holdings in shares of 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 period. International Assets Investment Management LLC lifted its position in shares of 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 boosted its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC grew its position in Walmart by 4.6% during 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 purchasing an additional 2,107,197 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,177 shares of company stock worth $12,478,149 over the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. KeyCorp lifted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their price objective on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Finally, Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. 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 company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $94.49.

Walmart Stock Performance

WMT opened at $92.02 on Friday. The stock’s 50 day simple moving average is $91.15 and its 200-day simple moving average is $81.27. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $739.19 billion, a PE ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm 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 business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

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.