Walmart Inc. $WMT Shares Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions grew its holdings in shares of Walmart Inc. (NASDAQ:WMTFree Report) by 239.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,499 shares of the retailer’s stock after acquiring an additional 144,328 shares during the period. ABN Amro Investment Solutions’ holdings in Walmart were worth $22,783,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in Walmart in the third quarter worth $1,709,000. Van ECK Associates Corp increased its position in Walmart by 2.9% in the third quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after buying an additional 28,026 shares during the period. Tennessee Valley Asset Management Partners increased its position in Walmart by 466.6% in the third quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer’s stock worth $1,375,000 after buying an additional 10,988 shares during the period. Florida Trust Wealth Management Co increased its position in Walmart by 7.0% in the fourth quarter. Florida Trust Wealth Management Co now owns 196,648 shares of the retailer’s stock worth $21,909,000 after buying an additional 12,794 shares during the period. Finally, Pensionfund Sabic acquired a new stake in Walmart in the fourth quarter worth $4,378,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 2.5%

Shares of WMT stock opened at $130.85 on Thursday. The stock has a 50-day simple moving average of $126.91 and a 200 day simple moving average of $119.89. Walmart Inc. has a fifty-two week low of $93.43 and a fifty-two week high of $135.15. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 47.76, a P/E/G ratio of 4.96 and a beta of 0.65. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38.

Walmart (NASDAQ:WMTGet Free Report) last announced its earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The business had revenue of $190.66 billion during the quarter, compared to analysts’ expectations of $188.37 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, EVP Christopher James Nicholas sold 34,082 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $122.00, for a total value of $4,158,004.00. Following the completion of the transaction, the executive vice president owned 533,466 shares in the company, valued at $65,082,852. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $126.71, for a total value of $2,460,201.36. Following the completion of the transaction, the director owned 4,023,209 shares of the company’s stock, valued at $509,780,812.39. This trade represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 154,065 shares of company stock valued at $19,281,401. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. Telsey Advisory Group increased their target price on Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Guggenheim raised their price target on Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a report on Monday, April 13th. TD Cowen reissued a “buy” rating and set a $150.00 price target (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “buy” rating and set a $138.00 price target on shares of Walmart in a report on Friday, February 20th. Finally, Wolfe Research reissued an “outperform” rating and set a $137.00 price target (up from $135.00) on shares of Walmart in a report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus price target of $138.88.

Get Our Latest Analysis on Walmart

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Walmart Company Profile

(Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

Further Reading

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Institutional Ownership by Quarter for Walmart (NASDAQ:WMT)

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