Horan Capital Management Reduces Position in Walmart Inc (NYSE:WMT)

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Horan Capital Management lessened its stake in shares of Walmart Inc (NYSE:WMT) by 48.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,312 shares of the retailer’s stock after selling 71,365 shares during the period. Walmart makes up about 1.6% of Horan Capital Management’s portfolio, making the stock its 19th biggest position. Horan Capital Management’s holdings in Walmart were worth $9,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in shares of Walmart in the 2nd quarter valued at $26,000. AllSquare Wealth Management LLC lifted its stake in shares of Walmart by 235.3% in the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after purchasing an additional 200 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $34,000. Litman Gregory Asset Management LLC acquired a new position in shares of Walmart in the 2nd quarter valued at $37,000. Finally, MRA Associates USA LLC acquired a new position in shares of Walmart in the 2nd quarter valued at $37,000. 30.10% of the stock is currently owned by institutional investors.

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 transaction of $424,598.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction on Monday, August 19th. The stock was 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. 50.22% of the stock is owned by corporate insiders.

Several research firms recently issued reports on WMT. Guggenheim reiterated a “buy” rating and issued a $125.00 target price on shares of Walmart in a research note on Thursday, August 15th. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, August 15th. UBS Group set a $115.00 target price on shares of Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. Raymond James boosted their target price on shares of Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Robert W. Baird upped their price objective 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. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $116.09.

Shares of Walmart stock traded up $0.60 during trading hours on Monday, reaching $119.74. 3,471,759 shares of the company’s stock were exchanged, compared to its average volume of 6,331,884. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $120.71. The company has a market capitalization of $340.86 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 5.15 and a beta of 0.40. The business has a fifty day moving average of $117.61 and a two-hundred day moving average of $109.65. 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 released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc will post 4.92 EPS for the current year.

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.

Further Reading: Calculating net profit and net profit margin ratio

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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