KG&L Capital Management LLC lowered its holdings in shares of Walmart Inc (NYSE:WMT) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,224 shares of the retailer’s stock after selling 238 shares during the period. Walmart comprises about 1.6% of KG&L Capital Management LLC’s portfolio, making the stock its 13th biggest holding. KG&L Capital Management LLC’s holdings in Walmart were worth $1,806,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. BerganKDV Wealth Management LLC raised its holdings in shares of Walmart by 6.1% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock worth $2,022,000 after buying an additional 1,059 shares in the last quarter. Centric Wealth Management grew its position in Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares during the last quarter. Carroll Financial Associates Inc. grew its position in Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares during the last quarter. Charter Trust Co. grew its position in Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after acquiring an additional 301 shares during the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA grew its position in Walmart by 2.1% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after acquiring an additional 97 shares during the last quarter. 30.10% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the company. Raymond James boosted their price objective on Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Morgan Stanley boosted their price objective on Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Goldman Sachs Group set a $123.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Thursday, August 15th. Credit Suisse Group set a $105.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, UBS Group set a $115.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Walmart currently has an average rating of “Hold” and a consensus target price of $116.09.
Shares of NYSE WMT traded up $0.63 during trading on Friday, reaching $120.24. The company had a trading volume of 6,088,638 shares, compared to its average volume of 5,281,826. The company’s fifty day moving average price is $116.01 and its 200-day moving average price is $108.44. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $119.88. The stock has a market cap of $334.43 billion, a P/E ratio of 24.49, a PEG ratio of 5.06 and a beta of 0.40. 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 quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, equities analysts predict that Walmart Inc will post 4.92 earnings per share for the current year.
In other news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by insiders.
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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