Foster & Motley Inc. trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,323 shares of the retailer’s stock after selling 2,976 shares during the quarter. Walmart makes up 2.1% of Foster & Motley Inc.’s portfolio, making the stock its 7th biggest position. Foster & Motley Inc.’s holdings in Walmart were worth $14,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. bought a new position in shares of Walmart in the 2nd quarter worth about $111,000. ELM Advisors LLC bought a new position in shares of Walmart in the 3rd quarter worth about $152,000. Harvest Fund Management Co. Ltd bought a new position in shares of Walmart in the 3rd quarter worth about $162,000. MinichMacGregor Wealth Management LLC lifted its position in shares of Walmart by 56.0% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after buying an additional 629 shares during the last quarter. Finally, Amussen Hunsaker Associates LLC bought a new position in shares of Walmart in the 2nd quarter worth about $152,000. Hedge funds and other institutional investors own 29.42% of the company’s stock.
A number of research analysts have recently issued reports on WMT shares. Goldman Sachs Group restated a “neutral” rating and issued a $100.00 price target on shares of Walmart in a research report on Wednesday, October 17th. JPMorgan Chase & Co. raised their price target on shares of Walmart to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 8th. MKM Partners reduced their price target on shares of Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. UBS Group raised their price target on shares of Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. Finally, Argus set a $112.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.16.
Shares of NYSE:WMT opened at $102.91 on Tuesday. The stock has a market capitalization of $300.21 billion, a P/E ratio of 23.28, a PEG ratio of 4.19 and a beta of 0.35. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. 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 (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. On average, research analysts expect that Walmart Inc will post 4.77 earnings per share for the current fiscal year.
In other Walmart news, 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 transaction of $904,946.92. Following the transaction, the insider now owns 165,402 shares of the company’s stock, valued at approximately $15,554,404.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is owned by corporate insiders.
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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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