Manchester Capital Management LLC Purchases 1,081 Shares of Walmart Inc. (NYSE:WMT)

Manchester Capital Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,664 shares of the retailer’s stock after acquiring an additional 1,081 shares during the period. Manchester Capital Management LLC’s holdings in Walmart were worth $2,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp grew its position in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Nuveen Asset Management LLC grew its position in shares of Walmart by 0.8% in the 4th quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer’s stock valued at $2,696,396,000 after acquiring an additional 233,040 shares during the period. Invesco Ltd. grew its position in shares of Walmart by 1.3% in the 4th quarter. Invesco Ltd. now owns 28,365,122 shares of the retailer’s stock valued at $2,562,789,000 after acquiring an additional 368,711 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Walmart by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer’s stock worth $2,341,632,000 after buying an additional 2,643,413 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Walmart by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,550,898 shares of the retailer’s stock worth $1,014,053,000 after buying an additional 197,230 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,744 shares of Walmart stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the sale, the executive vice president directly owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares in the company, valued at $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,912 shares of company stock worth $13,863,813 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.4%

Shares of Walmart stock opened at $98.40 on Friday. The firm has a market capitalization of $785.27 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 4.74 and a beta of 0.66. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $96.86 and its 200 day moving average is $95.05. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Raymond James Financial cut their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.

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.