Northside Capital Management LLC purchased a new position in shares of Walmart Inc (NYSE:WMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,740 shares of the retailer’s stock, valued at approximately $325,000.
Several other institutional investors have also recently added to or reduced their stakes in WMT. BerganKDV Wealth Management LLC boosted its position in shares of Walmart by 6.1% in the second quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock worth $2,022,000 after acquiring an additional 1,059 shares during the last quarter. Centric Wealth Management boosted its position in shares of Walmart by 6.6% in the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Walmart by 35.0% in the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares during the last quarter. Charter Trust Co. boosted its position in shares of Walmart by 0.7% in the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after acquiring an additional 301 shares during the last quarter. Finally, Dixon Hubard Feinour & Brown Inc. VA boosted its position 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 acquiring an additional 97 shares during the last quarter. 30.10% of the stock is currently owned by institutional investors.
In other news, SVP David Chojnowski sold 3,680 shares of Walmart stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Company insiders own 51.11% of the company’s stock.
Shares of WMT traded up $0.79 during mid-day trading on Friday, reaching $120.40. 3,467,457 shares of the stock traded hands, compared to its average volume of 5,281,826. The firm has a market cap of $334.43 billion, a price-to-earnings ratio of 24.52, a P/E/G ratio of 5.06 and a beta of 0.40. The stock has a fifty day simple moving average of $116.01 and a 200 day simple moving average of $108.44. Walmart Inc has a 12-month low of $85.78 and a 12-month high of $119.88. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The company 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 quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 earnings per share. On average, equities research analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
Several research firms recently issued reports on WMT. ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday, August 15th. Robert W. Baird raised their price target on shares of Walmart from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. set a $115.00 price target on shares of Walmart and gave the company a “hold” rating in a report on Friday, August 16th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price target (up previously from $118.00) on shares of Walmart in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $116.09.
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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