RDA Financial Network reduced its position in Walmart Inc. (NYSE:WMT – Get Rating) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,033 shares of the retailer’s stock after selling 191 shares during the quarter. RDA Financial Network’s holdings in Walmart were worth $303,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Crake Asset Management LLP acquired a new stake in shares of Walmart in the 3rd quarter worth $38,748,000. Balyasny Asset Management LLC acquired a new stake in shares of Walmart in the 3rd quarter worth $99,113,000. Colony Group LLC increased its stake in shares of Walmart by 3.4% in the 3rd quarter. Colony Group LLC now owns 16,704 shares of the retailer’s stock worth $2,328,000 after acquiring an additional 544 shares during the last quarter. Willis Investment Counsel increased its stake in shares of Walmart by 9.8% in the 3rd quarter. Willis Investment Counsel now owns 144,530 shares of the retailer’s stock worth $20,145,000 after acquiring an additional 12,893 shares during the last quarter. Finally, Winning Points Advisors LLC increased its stake in shares of Walmart by 3.9% in the 3rd quarter. Winning Points Advisors LLC now owns 13,509 shares of the retailer’s stock worth $1,883,000 after acquiring an additional 506 shares during the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. Royal Bank of Canada set a $153.00 price target on Walmart in a report on Monday, June 6th. The Goldman Sachs Group set a $160.00 price target on Walmart in a report on Wednesday, May 18th. Stephens lowered their price target on Walmart to $160.00 and set an “underweight” rating for the company in a report on Thursday, May 19th. Raymond James lowered their price target on Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Finally, DA Davidson increased their price target on Walmart from $168.00 to $171.00 and gave the stock a “buy” rating in a report on Friday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.56.
Shares of WMT opened at $120.69 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.86. Walmart Inc. has a 1 year low of $117.27 and a 1 year high of $160.77. The stock has a market capitalization of $330.83 billion, a PE ratio of 25.95, a PEG ratio of 3.36 and a beta of 0.50. The stock has a 50-day simple moving average of $137.13 and a 200-day simple moving average of $140.46.
Walmart (NYSE:WMT – Get Rating) last issued its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The business had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. During the same period last year, the business posted $1.69 EPS. Walmart’s revenue was up 2.4% on a year-over-year basis. Analysts predict that Walmart Inc. will post 6.4 EPS for the current year.
About Walmart (Get Rating)
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
- Get a free copy of the StockNews.com research report on Walmart (WMT)
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Victoria’s Secret Stock is Out of the Box
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.