Sanders Morris Harris LLC purchased a new stake in shares of Walmart Inc (NYSE:WMT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,500 shares of the retailer’s stock, valued at approximately $419,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Orser Capital Management LLC grew its holdings in shares of Walmart by 13.2% during the 4th quarter. Orser Capital Management LLC now owns 2,400 shares of the retailer’s stock worth $287,000 after acquiring an additional 280 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Walmart during the 4th quarter worth approximately $196,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Walmart by 2.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,275 shares of the retailer’s stock worth $15,244,000 after acquiring an additional 2,600 shares during the period. Financial Advocates Investment Management grew its holdings in shares of Walmart by 10.4% during the 4th quarter. Financial Advocates Investment Management now owns 9,177 shares of the retailer’s stock worth $1,091,000 after acquiring an additional 865 shares during the period. Finally, PSI Advisors LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $360,000. 29.97% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Morgan Stanley upped their target price on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Credit Suisse Group upped their target price on Walmart from $127.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Robert W. Baird upped their price target on Walmart from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Gordon Haskett downgraded Walmart from a “buy” rating to an “accumulate” rating and upped their price target for the stock from $130.00 to $140.00 in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Finally, Deutsche Bank restated a “buy” rating on shares of Walmart in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company. Walmart currently has a consensus rating of “Buy” and a consensus target price of $132.45.
Walmart stock traded up $1.95 during trading on Thursday, reaching $126.40. The company had a trading volume of 3,025,142 shares, compared to its average volume of 8,960,479. Walmart Inc has a 52 week low of $102.00 and a 52 week high of $133.38. The firm’s 50-day simple moving average is $121.27 and its 200 day simple moving average is $119.39. The firm has a market capitalization of $352.63 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 4.86 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.27 and a debt-to-equity ratio of 0.85.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, May 19th. The retailer reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. Walmart had a return on equity of 18.33% and a net margin of 2.81%. The company had revenue of $134.62 billion for the quarter, compared to analysts’ expectations of $130.91 billion. During the same period last year, the firm earned $1.13 EPS. Walmart’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts predict that Walmart Inc will post 4.93 earnings per share for the current year.
In other news, EVP Kathryn J. Mclay sold 7,324 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the transaction, the executive vice president now owns 51,526 shares in the company, valued at $6,492,276. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $120.89, for a total value of $10,275,650.00. Following the transaction, the executive vice president now owns 2,075,532 shares of the company’s stock, valued at approximately $250,911,063.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 262,324 shares of company stock worth $32,581,924. 50.43% of the stock is owned by insiders.
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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