Walmart Inc. (NYSE:WMT) Shares Bought by Chilton Capital Management LLC

Chilton Capital Management LLC increased its position in Walmart Inc. (NYSE:WMTGet Rating) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,573 shares of the retailer’s stock after acquiring an additional 670 shares during the period. Chilton Capital Management LLC’s holdings in Walmart were worth $1,285,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. RB Capital Management LLC boosted its holdings in shares of Walmart by 0.8% during the first quarter. RB Capital Management LLC now owns 8,655 shares of the retailer’s stock worth $1,289,000 after acquiring an additional 69 shares during the period. McIlrath & Eck LLC boosted its stake in Walmart by 4.0% in the 1st quarter. McIlrath & Eck LLC now owns 1,872 shares of the retailer’s stock valued at $279,000 after purchasing an additional 72 shares during the period. Cranbrook Wealth Management LLC grew its holdings in Walmart by 10.5% in the 1st quarter. Cranbrook Wealth Management LLC now owns 790 shares of the retailer’s stock valued at $118,000 after buying an additional 75 shares in the last quarter. Biltmore Family Office LLC increased its position in Walmart by 1.1% during the 1st quarter. Biltmore Family Office LLC now owns 7,203 shares of the retailer’s stock worth $1,077,000 after buying an additional 76 shares during the period. Finally, Kesler Norman & Wride LLC lifted its holdings in shares of Walmart by 0.9% during the second quarter. Kesler Norman & Wride LLC now owns 8,262 shares of the retailer’s stock worth $1,004,000 after buying an additional 77 shares in the last quarter. 31.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on WMT. Sanford C. Bernstein started coverage on shares of Walmart in a research report on Tuesday. They set a “market perform” rating and a $159.00 price target on the stock. Cowen lifted their price target on shares of Walmart from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. TheStreet raised Walmart from a “c+” rating to a “b” rating in a research report on Thursday, September 29th. Bank of America lifted their price objective on Walmart from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. Finally, The Goldman Sachs Group set a $160.00 target price on Walmart in a report on Wednesday, November 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.26.

Walmart Trading Up 0.2 %

WMT opened at $148.78 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The company’s 50 day moving average price is $141.88 and its two-hundred day moving average price is $133.33. The firm has a market capitalization of $401.23 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 4.46 and a beta of 0.52.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.18. The company had revenue of $152.80 billion for the quarter, compared to analysts’ expectations of $146.80 billion. Walmart had a net margin of 1.49% and a return on equity of 19.54%. Walmart’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. As a group, research analysts predict that Walmart Inc. will post 6.08 earnings per share for the current year.

Walmart declared that its board has authorized a stock buyback program on Tuesday, November 15th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the retailer to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,124,627 shares of Walmart stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $148.05, for a total value of $314,551,027.35. Following the transaction, the insider now directly owns 278,647,135 shares of the company’s stock, valued at $41,253,708,336.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $134.38, for a total transaction of $587,912.50. Following the completion of the sale, the executive vice president now directly owns 268,183 shares in the company, valued at $36,038,431.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,124,627 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $148.05, for a total transaction of $314,551,027.35. Following the completion of the transaction, the insider now owns 278,647,135 shares in the company, valued at approximately $41,253,708,336.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,524,402 shares of company stock valued at $826,260,798. Company insiders own 47.06% of the company’s stock.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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