CLARET ASSET MANAGEMENT Corp reduced its stake in Walmart Inc (NYSE:WMT) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,659 shares of the retailer’s stock after selling 4,085 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Walmart were worth $3,995,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Krane Funds Advisors LLC purchased a new position in Walmart in the second quarter valued at about $26,000. AllSquare Wealth Management LLC increased its holdings 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 acquiring an additional 200 shares during the period. Mcmillion Capital Management Inc. bought a new stake in Walmart during the 2nd quarter worth approximately $34,000. Litman Gregory Asset Management LLC bought a new stake in Walmart during the 2nd quarter worth approximately $37,000. Finally, MRA Associates USA LLC bought a new stake in Walmart during the 2nd quarter worth approximately $37,000. 30.10% of the stock is owned by hedge funds and other institutional investors.
WMT has been the topic of a number of analyst reports. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the stock a “hold” rating in a report on Thursday, August 15th. Royal Bank of Canada set a $112.00 target price on shares of Walmart and gave the stock a “neutral” rating in a report on Thursday, August 15th. Citigroup reaffirmed a “buy” rating and set a $135.00 target price (up previously from $129.00) on shares of Walmart in a report on Wednesday, September 18th. UBS Group set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, Bank of America reaffirmed a “buy” rating and set a $135.00 target price (up previously from $120.00) on shares of Walmart in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $116.09.
Shares of Walmart stock traded up $0.77 during trading on Friday, reaching $120.38. The company’s stock had a trading volume of 3,032,378 shares, compared to its average volume of 5,281,826. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $119.88. The company has a market cap of $334.43 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 5.06 and a beta of 0.40. The firm’s 50-day moving average is $116.01 and its two-hundred day moving average is $108.44. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc will post 4.92 EPS for the current year.
In other news, SVP David Chojnowski sold 3,680 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Furner sold 7,900 shares of the company’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. 51.11% of the stock is currently owned by corporate insiders.
Walmart Company 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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