Westside Investment Management Inc. grew its stake in shares of Walmart Inc (NYSE:WMT) by 63.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,907 shares of the retailer’s stock after acquiring an additional 740 shares during the period. Westside Investment Management Inc.’s holdings in Walmart were worth $181,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of WMT. CSat Investment Advisory L.P. purchased a new position in Walmart in the second quarter worth $111,000. Amussen Hunsaker Associates LLC purchased a new position in Walmart in the second quarter worth $152,000. ELM Advisors LLC purchased a new position in Walmart in the third quarter worth $152,000. Berman Capital Advisors LLC purchased a new position in Walmart in the third quarter worth $158,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Walmart in the third quarter worth $162,000. 29.09% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on WMT shares. Telsey Advisory Group lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, August 17th. Argus set a $112.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Goldman Sachs Group set a $101.00 price target on shares of Walmart and gave the stock a “neutral” rating in a report on Friday, September 14th. Morgan Stanley reaffirmed a “neutral” rating and issued a $98.00 price target on shares of Walmart in a report on Thursday, October 4th. Finally, Royal Bank of Canada set a $101.00 price target on shares of Walmart and gave the stock a “neutral” rating in a report on Monday, September 3rd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Walmart currently has an average rating of “Hold” and a consensus target price of $104.04.
In related news, insider Jacqueline P. Canney sold 4,026 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $97.95, for a total transaction of $394,346.70. Following the completion of the transaction, the insider now directly owns 53,250 shares in the company, valued at $5,215,837.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 644,405 shares of the business’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $94.11, for a total transaction of $60,644,954.55. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at $315,010,073.94. The disclosure for this sale can be found here. Insiders have sold 10,180,531 shares of company stock valued at $973,815,091 over the last 90 days. 51.11% of the stock is currently owned by insiders.
NYSE WMT opened at $95.10 on Monday. The firm has a market cap of $281.72 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 3.88 and a beta of 0.35. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, equities analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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