Fri Sep 20 08:12:53 UTC 2024: ## Walmart Stock Sees Mixed Investor Activity in Q2 2024
**NEW YORK, NY – September 20, 2024** – Walmart Inc. (NYSE:WMT) experienced mixed investor activity during the second quarter of 2024, with some funds reducing their holdings while others significantly increased their stakes.
Edgestream Partners L.P. notably decreased its Walmart holdings by 61.1% in the quarter, selling off 42,861 shares and leaving them with 27,284 shares worth $1,847,000.
Meanwhile, several institutional investors significantly boosted their Walmart holdings during the first quarter. Vanguard Group Inc. increased its stake by 199.4%, now owning 411,745,334 shares worth $24,774,717,000. Price T Rowe Associates Inc. MD also saw a substantial increase of 181.0%, holding 56,861,234 shares valued at $3,421,342,000. Other notable increases came from Bank of New York Mellon Corp (183.0%), Swiss National Bank (187.4%), and Canada Pension Plan Investment Board (284.0%).
Despite the mixed activity, institutional investors collectively own 26.76% of Walmart’s stock.
On Friday, Walmart’s stock opened at $78.05. The company currently has a market cap of $627.80 billion, a price-to-earnings ratio of 33.35, and a beta of 0.51.
In related news, Walmart’s EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock on September 16th, totaling $166,607.88. This transaction was disclosed to the SEC. Bartlett has also sold shares on previous occasions, including 2,398 shares on July 15th.
Overall, insider activity has seen a significant sell-off, with corporate insiders selling 12,369,039 shares worth $959,826,083 over the last quarter. Despite this, insiders still own 45.58% of the company’s stock.
Several research reports have recently analyzed Walmart’s stock. Goldman Sachs Group, Oppenheimer, BMO Capital Markets, TD Cowen, and Guggenheim all boosted their price targets on Walmart, with most assigning a “buy” rating. As of today, 26 analysts recommend buying Walmart stock, while one recommends a strong buy and two recommend a hold. This gives the stock a consensus rating of “Moderate Buy” with a consensus price target of $78.99.
Walmart Inc. operates retail, wholesale, and eCommerce businesses globally, including supercenters, supermarkets, warehouse clubs, and online platforms. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club.
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