Walmart Inc. (NYSE:WMT) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 20.2% during the fourth quarter, Holdings Channel reports. The fund owned 13,705 shares of the retailer’s stock after purchasing an additional 2,302 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Walmart were worth $1,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP acquired a new stake in shares of Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at $36,000. Finally, Hara Capital LLC acquired a new position in Walmart in the third quarter valued at $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Guggenheim raised their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Roth Mkm increased their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $94.08.

Walmart Stock Down 1.7 %

Shares of NYSE:WMT opened at $91.39 on Tuesday. The firm has a market cap of $734.17 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The company has a fifty day simple moving average of $90.56 and a 200 day simple moving average of $80.80. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.