BluePath Capital Management LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

BluePath Capital Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 12.2% during the 4th quarter, HoldingsChannel reports. The firm owned 14,540 shares of the retailer’s stock after purchasing an additional 1,580 shares during the quarter. Walmart comprises 0.7% of BluePath Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. BluePath Capital Management LLC’s holdings in Walmart were worth $1,331,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. boosted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Walmart in the third quarter valued at about $33,000. Livelsberger Financial Advisory purchased a new stake in shares of Walmart in the third quarter valued at about $36,000. Finally, Hara Capital LLC acquired a new stake in Walmart during the third quarter worth about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Walmart Trading Up 0.7 %

NYSE:WMT opened at $91.39 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18. The stock has a market cap of $734.17 billion, a P/E ratio of 37.51, a P/E/G ratio of 4.41 and a beta of 0.55. The stock has a 50-day simple moving average of $90.70 and a 200-day simple moving average of $80.96.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley boosted their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research note on Thursday, November 21st. Finally, Bank of America boosted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.49.

About Walmart

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.