Walmart Inc. (NYSE:WMT) Shares Purchased by Czech National Bank

Czech National Bank raised its stake in Walmart Inc. (NYSE:WMT) by 6.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 941,140 shares of the retailer’s stock after purchasing an additional 56,320 shares during the quarter. Walmart comprises about 0.8% of Czech National Bank’s investment portfolio, making the stock its 19th biggest position. Czech National Bank’s holdings in Walmart were worth $85,032,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WMT. Zions Bancorporation N.A. boosted its position in shares of Walmart by 3.9% during the 2nd quarter. Zions Bancorporation N.A. now owns 5,789 shares of the retailer’s stock worth $392,000 after purchasing an additional 215 shares during the period. William Blair Investment Management LLC boosted its position in shares of Walmart by 307.8% during the second quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock worth $13,712,000 after buying an additional 152,845 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Walmart by 13.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,345,129 shares of the retailer’s stock valued at $429,629,000 after buying an additional 732,313 shares in the last quarter. Inspire Advisors LLC lifted its stake in Walmart by 4.0% during the 2nd quarter. Inspire Advisors LLC now owns 6,540 shares of the retailer’s stock worth $443,000 after acquiring an additional 249 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its holdings in Walmart by 1,177.0% during the 2nd quarter. Lyell Wealth Management LP now owns 74,156 shares of the retailer’s stock valued at $5,021,000 after acquiring an additional 68,349 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,412 shares of company stock valued at $12,478,116. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Roth Mkm boosted their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada increased their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group upped their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley lifted their target price on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.08.

Walmart Stock Up 1.3 %

Shares of NYSE WMT opened at $93.03 on Monday. The stock has a market cap of $747.35 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.39 and a 52-week high of $96.18. The business has a 50-day moving average price of $90.38 and a 200 day moving average price of $80.63. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Walmart Profile

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.