Atwater Malick LLC Acquires 1,030 Shares of Walmart Inc. (NYSE:WMT)

Posted by Defense World Staff on Jun 14th, 2023

Walmart logo Atwater Malick LLC raised its holdings in Walmart Inc. (NYSE:WMT – Get Rating) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,865 shares of the retailer’s stock after buying an additional 1,030 shares during the quarter. Walmart accounts for approximately 3.5% of Atwater Malick LLC’s holdings, making the stock its 15th biggest holding. Atwater Malick LLC’s holdings in Walmart were worth $7,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. BlackRock Inc. increased its holdings in Walmart by 2.9% in the 3rd quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after buying an additional 2,712,886 shares during the period. Vanguard Group Inc. grew its holdings in shares of Walmart by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock worth $16,883,890,000 after purchasing an additional 1,832,388 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Walmart by 34.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock worth $783,056,000 after purchasing an additional 1,340,328 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Walmart in the 4th quarter worth about $162,524,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Walmart by 85.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,399,536 shares of the retailer’s stock worth $357,339,000 after purchasing an additional 1,104,427 shares during the last quarter. Institutional investors own 31.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WMT shares. Cowen upped their target price on shares of Walmart from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Stephens reaffirmed an “overweight” rating and issued a $170.00 target price on shares of Walmart in a report on Wednesday, April 5th. Wells Fargo & Company upped their target price on shares of Walmart from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price target on shares of Walmart in a research report on Thursday, April 6th. Finally, Stifel Nicolaus upped their price target on shares of Walmart from $157.00 to $161.00 in a research report on Thursday, April 6th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.91.

Insider Buying and Selling

In related news, Director S Robson Walton sold 170,587 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $150.12, for a total transaction of $25,608,520.44. Following the completion of the sale, the director now directly owns 244,364,516 shares of the company’s stock, valued at approximately $36,684,001,141.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director S Robson Walton sold 170,587 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $150.12, for a total transaction of $25,608,520.44. Following the completion of the sale, the director now directly owns 244,364,516 shares of the company’s stock, valued at approximately $36,684,001,141.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 527,459 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $150.04, for a total transaction of $79,139,948.36. Following the transaction, the insider now directly owns 244,535,103 shares of the company’s stock, valued at $36,690,046,854.12. The disclosure for this sale can be found here. In the last three months, insiders sold 12,945,443 shares of company stock valued at $1,859,668,300. 46.51% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE:WMT opened at $155.30 on Wednesday. The company has a market capitalization of $418.20 billion, a price-to-earnings ratio of 37.33, a P/E/G ratio of 4.51 and a beta of 0.49. The firm’s 50 day simple moving average is $150.37 and its 200 day simple moving average is $146.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $155.51.

Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. The business had revenue of $152.30 billion for the quarter, compared to the consensus estimate of $147.91 billion. Walmart had a net margin of 1.82% and a return on equity of 21.30%. Walmart’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 6.21 earnings per share for the current year.

Walmart Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.