Bowling Portfolio Management LLC grew its stake in Walmart Inc. (NYSE:WMT) by 494.9% in the 3rd quarter, Holdings Channel reports. The firm owned 20,025 shares of the retailer’s stock after purchasing an additional 16,659 shares during the period. Bowling Portfolio Management LLC’s holdings in Walmart were worth $2,802,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Advisors LLC raised its holdings in Walmart by 640.6% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Marquette Asset Management LLC bought a new position in Walmart in the 2nd quarter worth $34,000. Atlantic Trust LLC raised its holdings in Walmart by 42.0% in the 2nd quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares in the last quarter. Selective Wealth Management Inc. bought a new position in Walmart in the 2nd quarter worth $36,000. Finally, Costello Asset Management INC bought a new position in Walmart in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 29.34% of the company’s stock.
Shares of NYSE WMT opened at $144.71 on Friday. The firm’s 50-day moving average price is $139.94 and its 200-day moving average price is $129.14. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The company has a market cap of $410.07 billion, a PE ratio of 23.08, a PEG ratio of 4.60 and a beta of 0.28. Walmart Inc. has a 52-week low of $102.00 and a 52-week high of $151.33.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. The firm had revenue of $137.70 billion for the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 EPS. As a group, equities research analysts anticipate that Walmart Inc. will post 5.28 EPS for the current fiscal year.
In related news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $138.54, for a total value of $11,775,900.00. Following the transaction, the executive vice president now owns 1,776,505 shares of the company’s stock, valued at $246,117,002.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Chojnowski sold 4,605 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total transaction of $618,175.20. Following the completion of the transaction, the senior vice president now directly owns 30,620 shares in the company, valued at approximately $4,110,428.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,011,690 shares of company stock worth $138,850,587. 50.43% of the stock is currently owned by insiders.
Several brokerages have commented on WMT. Telsey Advisory Group upped their price objective on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. BMO Capital Markets increased their price target on shares of Walmart from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. They noted that the move was a valuation call. Robert W. Baird increased their price target on shares of Walmart from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th. Tigress Financial reiterated a “hold” rating on shares of Walmart in a research note on Tuesday, July 28th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $144.00 price target on shares of Walmart in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $141.46.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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