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.
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 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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