Toronto Dominion Bank Raises Stock Position in Walmart Inc (NYSE:WMT)

Toronto Dominion Bank lifted its position in Walmart Inc (NYSE:WMT) by 47.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,626,917 shares of the retailer’s stock after buying an additional 527,110 shares during the period. Toronto Dominion Bank’s holdings in Walmart were worth $179,710,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WMT. Krane Funds Advisors LLC purchased a new stake in Walmart during the 2nd quarter worth approximately $26,000. C J Advisory Inc purchased a new stake in Walmart during the 1st quarter worth approximately $29,000. AllSquare Wealth Management LLC grew its position in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new stake in Walmart during the 2nd quarter worth approximately $34,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in Walmart during the 2nd quarter worth approximately $37,000. 30.11% of the stock is currently owned by hedge funds and other institutional investors.

NYSE WMT traded down $0.51 on Tuesday, hitting $118.17. 300,559 shares of the company’s stock traded hands, compared to its average volume of 5,224,492. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $119.86. The firm’s 50-day moving average price is $114.49 and its two-hundred day moving average price is $107.49. The firm has a market capitalization of $336.91 billion, a PE ratio of 24.01, a P/E/G ratio of 5.10 and a beta of 0.39.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same period in the previous year, the business posted $1.29 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc will post 4.91 earnings per share for the current fiscal year.

In related news, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Insiders own 50.22% of the company’s stock.

Several research firms have weighed in on WMT. Robert W. Baird boosted their target price on shares of Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Morgan Stanley boosted their target price on shares of Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. UBS Group set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Deutsche Bank set a $124.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada set a $112.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $116.09.

Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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