International Assets Investment Management LLC Has $562.28 Million Holdings in Walmart Inc. (NYSE:WMT)

International Assets Investment Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 8,814.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,963,218 shares of the retailer’s stock after buying an additional 6,885,106 shares during the quarter. International Assets Investment Management LLC owned 0.09% of Walmart worth $562,280,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WMT. Vanguard Group Inc. raised its stake in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Swiss National Bank increased its holdings in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after purchasing an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 1.5 %

Shares of WMT stock opened at $83.26 on Thursday. The firm has a 50 day moving average price of $78.71 and a two-hundred day moving average price of $70.08. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $669.26 billion, a PE ratio of 43.29, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,295,088 shares of company stock worth $955,284,831 over the last three months. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Barclays increased their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. The Goldman Sachs Group increased their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Guggenheim raised their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One 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. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and an average target price of $83.51.

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.