Versor Investments LP Takes $231,000 Position in Walmart Inc. (NYSE:WMT)

Versor Investments LP purchased a new position in Walmart Inc. (NYSE:WMT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,866 shares of the retailer’s stock, valued at approximately $231,000.

Other large investors also recently modified their holdings of the company. Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Jag Capital Management LLC increased its holdings in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC raised its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the period. Inspire Advisors LLC boosted its stake in shares of Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Walmart by 2.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after acquiring an additional 137 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Roth Mkm boosted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America raised their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein assumed coverage on shares of Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Finally, UBS Group raised their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $85.18.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $84.25 on Friday. The stock has a market cap of $677.22 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 4.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50 day moving average price of $81.29 and a 200-day moving average price of $72.78. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Equities analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.