Investment House LLC boosted its stake in Walmart Inc (NYSE:WMT) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,699 shares of the retailer’s stock after purchasing an additional 100 shares during the quarter. Investment House LLC’s holdings in Walmart were worth $1,072,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of WMT. Clarfeld Financial Advisors LLC bought a new position in shares of Walmart in the fourth quarter valued at $25,000. C J Advisory Inc bought a new position in shares of Walmart in the first quarter valued at $29,000. Mcmillion Capital Management Inc. bought a new position in shares of Walmart in the second quarter valued at $34,000. Litman Gregory Asset Management LLC bought a new position in shares of Walmart in the second quarter valued at $37,000. Finally, Financial Gravity Wealth Inc. bought a new position in shares of Walmart in the first quarter valued at $35,000. Institutional investors and hedge funds own 29.99% of the company’s stock.
A number of research analysts have weighed in on WMT shares. Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Credit Suisse Group set a $105.00 price objective on shares of Walmart and gave the company a “hold” rating in a research note on Thursday, August 15th. Robert W. Baird reissued a “positive” rating and set a $120.00 price target (up from $115.00) on shares of Walmart in a research report on Thursday, August 15th. They noted that the move was a valuation call. Citigroup set a $129.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target (up from $118.00) on shares of Walmart in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and a consensus target price of $114.51.
WMT stock traded down $0.95 during mid-day trading on Tuesday, hitting $112.86. The company had a trading volume of 326,954 shares, compared to its average volume of 6,609,143. The firm has a market cap of $322.56 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 4.87 and a beta of 0.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49. The stock’s fifty day moving average price is $111.52 and its two-hundred day moving average price is $103.85.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Equities analysts anticipate that Walmart Inc will post 4.91 earnings per share for the current year.
In other news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gregory S. Foran sold 19,487 shares of Walmart stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $105.00, for a total transaction of $2,046,135.00. Following the completion of the transaction, the insider now owns 343,374 shares of the company’s stock, valued at approximately $36,054,270. The disclosure for this sale can be found here. Insiders sold 3,097,455 shares of company stock valued at $321,872,581 in the last quarter. Corporate insiders own 50.22% of the company’s stock.
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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