Epoch Investment Partners Inc. Raises Holdings in Walmart Inc. (NYSE:WMT)

Epoch Investment Partners Inc. raised its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 635,820 shares of the retailer’s stock after purchasing an additional 10,799 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Walmart were worth $100,237,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares during the period. Morgan Stanley boosted its holdings in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares during the last quarter. Norges Bank purchased a new stake in shares of Walmart in the fourth quarter worth about $3,674,652,000. FMR LLC grew its holdings in Walmart by 8.5% during the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after acquiring an additional 1,317,729 shares during the period. Finally, Northern Trust Corp raised its position in Walmart by 4.0% during the third quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock valued at $2,361,411,000 after acquiring an additional 562,256 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

WMT traded down $1.27 during trading on Friday, hitting $65.88. 19,671,943 shares of the stock were exchanged, compared to its average volume of 18,440,357. The stock has a fifty day moving average price of $61.64 and a two-hundred day moving average price of $57.54. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $67.57. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $530.86 billion, a P/E ratio of 28.21, a PEG ratio of 3.88 and a beta of 0.52.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WMT shares. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Tigress Financial raised their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Morgan Stanley upped their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Stifel Europe raised their price objective on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $68.32.

Get Our Latest Stock Report on Walmart

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the transaction, the insider now owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the transaction, the insider now directly owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold a total of 8,656,725 shares of company stock worth $559,670,202 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTFree Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.