Patriot Financial Group Insurance Agency LLC raised its stake in shares of Walmart Inc (NYSE:WMT) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,877 shares of the retailer’s stock after buying an additional 1,609 shares during the quarter. Walmart comprises about 0.7% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 20th biggest position. Patriot Financial Group Insurance Agency LLC’s holdings in Walmart were worth $1,115,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new stake in shares of Walmart during the second quarter worth $111,000. Amussen Hunsaker Associates LLC acquired a new stake in shares of Walmart during the second quarter worth $152,000. ELM Advisors LLC acquired a new stake in shares of Walmart during the third quarter worth $152,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Walmart during the second quarter worth $165,000. Finally, MinichMacGregor Wealth Management LLC boosted its holdings in shares of Walmart by 56.0% during the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after purchasing an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.
NYSE:WMT opened at $100.58 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $109.98. The stock has a market capitalization of $303.41 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 4.23 and a beta of 0.52.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating the consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same period last year, the company posted $1.08 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc will post 4.77 EPS for the current fiscal year.
In other Walmart news, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John R. Furner sold 9,623 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.04, for a total value of $904,946.92. Following the completion of the transaction, the insider now directly owns 165,402 shares in the company, valued at $15,554,404.08. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock worth $976,228,654 over the last three months. 51.11% of the stock is currently owned by corporate insiders.
Several research firms have recently issued reports on WMT. Cowen raised their price objective on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday. Credit Suisse Group set a $85.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Guggenheim reaffirmed a “buy” rating and issued a $110.00 target price on shares of Walmart in a research report on Thursday, August 16th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Walmart in a research report on Thursday, August 16th. Finally, ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $103.16.
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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