Walmart Inc. (NYSE:WMT) Shares Acquired by Cardinal Capital Management

Cardinal Capital Management grew its holdings in Walmart Inc. (NYSE:WMT) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,494 shares of the retailer’s stock after buying an additional 436 shares during the period. Walmart accounts for about 1.5% of Cardinal Capital Management’s holdings, making the stock its 17th biggest holding. Cardinal Capital Management’s holdings in Walmart were worth $7,622,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. AMI Investment Management Inc. increased its position in Walmart by 1.6% during the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock worth $1,231,000 after purchasing an additional 132 shares during the last quarter. Zions Bancorporation N.A. increased its position in Walmart by 36.8% during the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after purchasing an additional 1,296 shares during the last quarter. Covestor Ltd increased its position in Walmart by 31.7% during the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after purchasing an additional 280 shares during the last quarter. Ergoteles LLC increased its position in Walmart by 123.9% during the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock worth $1,573,000 after purchasing an additional 5,847 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Walmart by 1.7% during the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock worth $127,749,000 after purchasing an additional 13,985 shares during the last quarter. 33.18% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.7 %

WMT stock opened at $163.42 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The company’s 50 day moving average is $159.34 and its two-hundred day moving average is $152.70. The stock has a market cap of $439.85 billion, a P/E ratio of 31.43, a PEG ratio of 3.89 and a beta of 0.49.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The company had revenue of $161.63 billion for the quarter, compared to analysts’ expectations of $160.22 billion. During the same quarter last year, the company earned $1.77 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts expect that Walmart Inc. will post 6.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WMT shares. UBS Group raised their price objective on shares of Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Credit Suisse Group lifted their price target on shares of Walmart from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Robert W. Baird lifted their price target on shares of Walmart from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Piper Sandler upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $145.00 to $210.00 in a research report on Monday, July 24th. Finally, StockNews.com assumed coverage on shares of Walmart in a research report on Thursday, August 17th. They set a “strong-buy” rating for the company. Four research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $176.51.

Insider Activity

In other news, major shareholder Jim C. Walton sold 2,149,275 shares of Walmart stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total value of $330,923,871.75. Following the transaction, the insider now directly owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Jim C. Walton sold 2,149,275 shares of Walmart stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $153.97, for a total value of $330,923,871.75. Following the transaction, the insider now directly owns 235,440,961 shares of the company’s stock, valued at approximately $36,250,844,765.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Friday, September 1st. The shares were sold at an average price of $161.37, for a total transaction of $161,370.00. Following the completion of the transaction, the executive vice president now directly owns 169,735 shares in the company, valued at $27,390,136.95. The disclosure for this sale can be found here. Insiders have sold 6,493,773 shares of company stock valued at $1,005,802,298 in the last ninety days. 46.51% of the stock is currently owned by company insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.