Oddo BHF Asset Management Sas Acquires Shares of 7,755 Walmart Inc. (NYSE:WMT)

Oddo BHF Asset Management Sas bought a new stake in Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,755 shares of the retailer’s stock, valued at approximately $626,000.

Other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at approximately $33,000. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the third quarter worth $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent analyst reports. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Roth Mkm boosted their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Oppenheimer upped their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. KeyCorp boosted their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Barclays raised their price objective on Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.33.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock valued at $183,375,539 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $94.25 on Friday. The stock has a fifty day moving average price of $86.10 and a 200 day moving average price of $77.02. Walmart Inc. has a 52 week low of $50.51 and a 52 week high of $96.18. The firm has a market capitalization of $757.15 billion, a P/E ratio of 38.68, a PEG ratio of 4.47 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share 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.