BayBridge Capital Group LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

BayBridge Capital Group LLC boosted its position in Walmart Inc. (NYSE:WMT) by 1.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 19,969 shares of the retailer’s stock after purchasing an additional 214 shares during the period. Walmart accounts for approximately 1.2% of BayBridge Capital Group LLC’s portfolio, making the stock its 14th biggest position. BayBridge Capital Group LLC’s holdings in Walmart were worth $1,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Liberty Wealth Management LLC acquired a new stake in Walmart during the first quarter worth about $270,000. Commerce Bank grew its stake in shares of Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the period. Finally, Sustainable Insight Capital Management LLC purchased a new stake in Walmart during the first quarter worth $723,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were 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 directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on WMT. TD Cowen lifted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Morgan Stanley increased their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group upped their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Stock Performance

NYSE:WMT opened at $82.51 on Friday. The company’s 50-day moving average is $79.09 and its two-hundred day moving average is $70.33. The firm has a market capitalization of $663.67 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34.

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