McIlrath & Eck LLC reduced its position in shares of Walmart Inc (NYSE:WMT) by 37.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 980 shares of the retailer’s stock after selling 594 shares during the period. McIlrath & Eck LLC’s holdings in Walmart were worth $116,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. BerganKDV Wealth Management LLC raised its stake 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 grew its position in shares of Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after buying an additional 322 shares during the period. Carroll Financial Associates Inc. grew its position in shares of Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after buying an additional 3,733 shares during the period. Charter Trust Co. grew its position in shares of Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after buying an additional 301 shares during the period. Finally, Outlook Wealth Advisors LLC acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $238,000. 30.15% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on WMT. ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Raymond James lifted their price target on shares of Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Citigroup reiterated a “buy” rating and set a $135.00 price target (up previously from $129.00) on shares of Walmart in a research report on Wednesday, September 18th. Deutsche Bank set a $124.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $115.00 to $125.00 in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $118.41.
In other news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the company’s 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 disclosure for this sale can be found here. 51.11% of the stock is owned by corporate insiders.
NYSE WMT traded down $0.79 during trading on Friday, reaching $119.44. 3,761,572 shares of the stock traded hands, compared to its average volume of 6,160,737. The firm has a market cap of $338.07 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 5.11 and a beta of 0.39. The stock’s 50-day moving average price is $118.56 and its 200 day moving average price is $111.26. 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 Inc has a fifty-two week low of $85.78 and a fifty-two week high of $120.92.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to analysts’ expectations 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 company earned $1.29 earnings per share. Analysts anticipate that Walmart Inc will post 4.92 EPS for the current fiscal year.
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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