Fiduciary Trust Co. raised its position in shares of Walmart Inc (NYSE:WMT) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,824 shares of the retailer’s stock after purchasing an additional 6,912 shares during the period. Fiduciary Trust Co.’s holdings in Walmart were worth $5,411,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in shares of Walmart by 13.1% during the 4th quarter. Toronto Dominion Bank now owns 644,558 shares of the retailer’s stock valued at $63,649,000 after acquiring an additional 74,769 shares during the last quarter. Nepsis Capital Management Inc. acquired a new position in shares of Walmart during the 4th quarter valued at about $9,476,000. MUFG Securities EMEA plc acquired a new position in shares of Walmart during the 4th quarter valued at about $31,501,000. Iberiabank Corp increased its holdings in shares of Walmart by 4.0% during the 3rd quarter. Iberiabank Corp now owns 84,339 shares of the retailer’s stock valued at $6,608,000 after acquiring an additional 3,277 shares during the last quarter. Finally, Proffitt & Goodson Inc. acquired a new position in shares of Walmart during the 4th quarter valued at about $635,000. 29.77% of the stock is owned by institutional investors.
A number of research analysts have recently commented on the company. Barclays increased their price objective on Walmart to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Wednesday, February 21st. Royal Bank of Canada set a $88.00 price objective on Walmart and gave the company a “neutral” rating in a report on Thursday, May 17th. Oppenheimer set a $93.00 price objective on Walmart and gave the company a “neutral” rating in a report on Friday, March 2nd. Finally, Morningstar set a $91.00 target price on Walmart and gave the company a “buy” rating in a report on Thursday, May 10th. Nineteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $96.56.
Shares of Walmart opened at $82.85 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. Walmart Inc has a 52-week low of $73.13 and a 52-week high of $109.98. The firm has a market capitalization of $246.97 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.89 and a beta of 0.54.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 17th. The retailer reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The firm had revenue of $122.69 billion during the quarter, compared to the consensus estimate of $119.29 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. equities research analysts forecast that Walmart Inc will post 4.86 earnings per share for the current year.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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