Measured Wealth Private Client Group LLC reduced its position in Walmart Inc (NYSE:WMT) by 47.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,808 shares of the retailer’s stock after selling 2,534 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Walmart were worth $333,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Lincoln Capital LLC lifted its stake in shares of Walmart by 1.5% in the second quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after buying an additional 94 shares during the last quarter. First National Bank of Hutchinson lifted its stake in shares of Walmart by 1.5% in the second quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after buying an additional 96 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its stake in shares of Walmart by 2.1% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after buying an additional 97 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Walmart by 0.6% in the second quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock worth $1,924,000 after buying an additional 97 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in shares of Walmart by 2.7% in the second quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock worth $414,000 after buying an additional 98 shares during the last quarter. 30.10% of the stock is currently owned by institutional investors and hedge funds.
Walmart stock traded up $1.00 on Friday, hitting $120.61. The company’s stock had a trading volume of 2,127,165 shares, compared to its average volume of 5,281,826. The firm has a market cap of $334.43 billion, a P/E ratio of 24.56, a price-to-earnings-growth 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. The company has a fifty day moving average price of $116.01 and a 200-day moving average price of $108.44. Walmart Inc has a one year low of $85.78 and a one year high of $119.88.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 2.48% and a return on equity of 18.23%. The business’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 EPS. Analysts anticipate that Walmart Inc will post 4.92 EPS for the current year.
In other news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. Insiders own 51.11% of the company’s stock.
A number of brokerages have recently weighed in on WMT. Royal Bank of Canada set a $112.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Gordon Haskett raised shares of Walmart from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $125.00 in a research report on Thursday, August 15th. Loop Capital boosted their target price on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 target price (up previously from $118.00) on shares of Walmart 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 issued a buy rating to the company’s stock. Walmart has a consensus rating of “Hold” and an average target price of $116.09.
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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