Rogco LP Increases Stake in Walmart Inc. (NYSE:WMT)

Rogco LP boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 682.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 51,757 shares of the retailer’s stock after purchasing an additional 45,143 shares during the period. Walmart makes up about 1.6% of Rogco LP’s portfolio, making the stock its 14th biggest position. Rogco LP’s holdings in Walmart were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of WMT. Jackson Wealth Management LLC boosted its position in Walmart by 3.5% in the third quarter. Jackson Wealth Management LLC now owns 8,901 shares of the retailer’s stock valued at $719,000 after buying an additional 300 shares during the last quarter. Commonwealth Financial Services LLC raised its stake in shares of Walmart by 6.8% during the 3rd quarter. Commonwealth Financial Services LLC now owns 26,216 shares of the retailer’s stock valued at $2,131,000 after buying an additional 1,672 shares during the last quarter. Grimes & Company Inc. lifted its holdings in shares of Walmart by 3.6% in the 3rd quarter. Grimes & Company Inc. now owns 15,055 shares of the retailer’s stock valued at $1,216,000 after buying an additional 528 shares during the period. Asset Planning Services Inc. LA ADV boosted its stake in shares of Walmart by 0.6% in the third quarter. Asset Planning Services Inc. LA ADV now owns 99,550 shares of the retailer’s stock worth $8,039,000 after buying an additional 555 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Walmart by 7.7% during the third quarter. CENTRAL TRUST Co now owns 572,320 shares of the retailer’s stock worth $46,215,000 after acquiring an additional 40,849 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $83.05 on Friday. The firm has a 50-day simple moving average of $78.71 and a two-hundred day simple moving average of $70.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The stock has a market cap of $667.58 billion, a PE ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,295,088 shares of company stock valued at $955,284,831. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on WMT. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm lifted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Tigress Financial increased their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus lifted their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.