Sonora Investment Management LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,986 shares of the retailer’s stock after purchasing an additional 2,695 shares during the quarter. Walmart comprises approximately 1.0% of Sonora Investment Management LLC’s holdings, making the stock its 13th largest position. Sonora Investment Management LLC’s holdings in Walmart were worth $11,530,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC bought a new stake in shares of Walmart in the 3rd quarter worth approximately $28,000. Lipe & Dalton bought a new stake in shares of Walmart in the 3rd quarter worth approximately $31,000. Carolina Wealth Advisors LLC boosted its position in shares of Walmart by 57.6% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock worth $36,000 after purchasing an additional 95 shares in the last quarter. Paces Ferry Wealth Advisors LLC bought a new stake in shares of Walmart in the 3rd quarter worth approximately $47,000. Finally, JJJ Advisors Inc. boosted its position in shares of Walmart by 206.4% in the 3rd quarter. JJJ Advisors Inc. now owns 337 shares of the retailer’s stock worth $47,000 after purchasing an additional 227 shares in the last quarter. 29.34% of the stock is currently owned by hedge funds and other institutional investors.
WMT stock opened at $147.45 on Thursday. Walmart Inc. has a twelve month low of $102.00 and a twelve month high of $153.66. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The stock has a market cap of $417.18 billion, a P/E ratio of 23.52, a PEG ratio of 4.86 and a beta of 0.27. The business’s 50-day moving average price is $147.03 and its 200-day moving average price is $139.61.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Monday, November 16th. The retailer reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.16. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $134.71 billion for the quarter, compared to analysts’ expectations of $133 billion. During the same period in the previous year, the firm earned $1.16 EPS. On average, equities research analysts expect that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, November 30th. The stock was sold at an average price of $152.49, for a total value of $76,245,000.00. Following the transaction, the insider now directly owns 9,673,580 shares of the company’s stock, valued at approximately $1,475,124,214.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 1,588,645 shares of the business’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $144.23, for a total value of $229,130,268.35. Following the completion of the transaction, the director now directly owns 3,215,991 shares in the company, valued at $463,842,381.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,390,000 shares of company stock worth $1,376,288,395. 50.43% of the stock is owned by insiders.
A number of analysts have recently commented on the company. Barclays boosted their price target on Walmart from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, November 18th. Royal Bank of Canada set a $170.00 price objective on Walmart and gave the company a “buy” rating in a research report on Monday, January 4th. BMO Capital Markets upped their price objective on Walmart from $160.00 to $175.00 in a research report on Wednesday, November 18th. DA Davidson upped their price objective on Walmart from $154.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, November 18th. Finally, Stifel Nicolaus upped their price objective on Walmart from $130.00 to $150.00 and gave the company a “fair value” rating in a research report on Wednesday, November 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $150.82.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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