Seaview Investment Managers LLC Has $9.44 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Seaview Investment Managers LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 12.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 139,407 shares of the retailer’s stock after buying an additional 15,710 shares during the quarter. Walmart comprises about 2.8% of Seaview Investment Managers LLC’s portfolio, making the stock its 20th biggest position. Seaview Investment Managers LLC’s holdings in Walmart were worth $9,439,000 at the end of the most recent reporting period.

A number of other institutional investors 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. Norges Bank bought a new stake in Walmart during the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp increased its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Finally, 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. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on WMT shares. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Evercore ISI boosted their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group upped their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley upped their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $77.35 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $77.81. The company has a market cap of $621.76 billion, a P/E ratio of 33.10, a P/E/G ratio of 3.84 and a beta of 0.51. The stock’s fifty day moving average price is $71.64 and its two-hundred day moving average price is $65.62.

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 analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder S Robson Walton sold 1,244,347 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $66.63, for a total value of $82,910,840.61. Following the transaction, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,510,437 shares of company stock worth $487,759,176. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.