Fielder Capital Group LLC has raised its stake in Walmart Inc. (NYSE: WMT) by 7.6% during the second quarter of 2023. The investment firm acquired an additional 257 shares, bringing its total holdings to 3,628 shares, valued at approximately $355,000 according to its latest filing with the Securities and Exchange Commission.
A number of other institutional investors have also adjusted their positions in Walmart. For instance, Brighton Jones LLC increased its holdings by 28.8% during the fourth quarter, acquiring 21,939 shares and now owns 98,150 shares, valued at $8.87 million. Similarly, Revolve Wealth Partners LLC boosted its stake by 5.8% in the same quarter, raising its total to 8,849 shares, worth around $800,000.
Mainstream Capital Management LLC and GAMMA Investing LLC also raised their positions in Walmart by 13.6% and 13.9% respectively during the first quarter, with values now standing at $1.08 million and $7.94 million. Creative Financial Designs Inc. ADV expanded its holdings by 10.6%, owning 7,582 shares worth approximately $666,000. Overall, hedge funds and institutional investors collectively hold 26.76% of Walmart’s shares.
Walmart’s Stock Performance and Insider Transactions
Walmart’s stock opened at $106.22 recently, with a fifty-day moving average of $102.17 and a 200-day moving average of $98.61. The company’s stock has experienced a significant range over the past year, with a 52-week low of $79.81 and a high of $109.57. Currently, Walmart holds a market capitalization of $846.91 billion and a PE ratio of 39.93.
In addition to changes in institutional holdings, insider trading activity has also been noteworthy. On October 1, 2023, John D. Rainey, Executive Vice President, sold 2,200 shares at an average price of $101.33, totaling $222,926. Following this transaction, Rainey holds 621,718 shares, valued at approximately $63 million. Another insider, Kathryn J. Mclay, sold 4,000 shares on October 20, 2023, for $431,000, resulting in a total ownership of 1,044,455 shares valued at around $112.54 million.
Over the past three months, insiders have offloaded 151,038 shares, valued at approximately $15.53 million. Insiders currently own 0.10% of the company’s stock.
Analyst Ratings and Future Projections
Several investment firms have recently provided updates on Walmart’s stock. UBS Group has reiterated a “buy” rating, raising its target price from $110.00 to $122.00. Piper Sandler also maintained an “overweight” rating with a target price of $111.00. Oppenheimer increased its target from $110.00 to $115.00, while BTIG Research commenced coverage with a “buy” rating and a target of $120.00.
As of now, thirty-one analysts have rated Walmart with a “buy” and one has given it a “hold” rating. The average rating stands at “Moderate Buy” with a consensus target price of $113.07.
Walmart Inc. operates globally, engaging in retail, wholesale, and eCommerce, structured into three main segments: Walmart U.S., Walmart International, and Sam’s Club. The company offers a diverse range of products through supercenters, supermarkets, and online platforms, ensuring a significant presence in the global market.
For more detailed insights into Walmart’s financial performance and institutional holdings, visit HoldingsChannel.com to access the latest reports and filings.
