Walmart Inc. $WMT Position Boosted by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 210.6% during the second quarter, Holdings Channel.com reports. The firm owned 28,815 shares of the retailer’s stock after buying an additional 19,539 shares during the quarter. Walmart accounts for approximately 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 22nd biggest position. Dynamic Technology Lab Private Ltd’s holdings in Walmart were worth $2,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC raised its position in shares of Walmart by 397,264.9% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock worth $10,496,702,000 after buying an additional 104,488,610 shares in the last quarter. Nuveen LLC bought a new stake in Walmart during the first quarter worth approximately $2,532,331,000. Goldman Sachs Group Inc. lifted its position in Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after purchasing an additional 7,706,201 shares during the period. Vanguard Group Inc. lifted its position in Walmart by 1.4% in the second quarter. Vanguard Group Inc. now owns 431,817,510 shares of the retailer’s stock worth $42,223,116,000 after purchasing an additional 5,856,468 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Walmart by 527.1% during the 1st quarter. Wellington Management Group LLP now owns 6,739,038 shares of the retailer’s stock valued at $591,620,000 after purchasing an additional 5,664,484 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Oppenheimer boosted their price objective on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 13th. Wolfe Research assumed coverage on shares of Walmart in a research report on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target on the stock. Royal Bank Of Canada set a $116.00 price objective on shares of Walmart and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Bank of America lifted their price objective on shares of Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company increased their target price on shares of Walmart from $108.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Thirty equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.46.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,630 shares of Walmart stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $102.58, for a total transaction of $167,205.40. Following the transaction, the executive vice president owned 642,788 shares of the company’s stock, valued at $65,937,193.04. The trade was a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the completion of the sale, the executive vice president directly owned 892,940 shares of the company’s stock, valued at $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 133,888 shares of company stock worth $13,835,383. Corporate insiders own 0.10% of the company’s stock.

Walmart Stock Down 0.8%

WMT stock opened at $100.55 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a market capitalization of $801.67 billion, a P/E ratio of 37.80, a P/E/G ratio of 4.83 and a beta of 0.67. Walmart Inc. has a 52-week low of $79.81 and a 52-week high of $109.57. The company’s 50 day simple moving average is $103.40 and its 200-day simple moving average is $99.80.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $179.50 billion during the quarter, compared to analyst estimates of $175.15 billion. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

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.