Strategic Financial Group LLC bought a new position in shares of Walmart Inc (NYSE:WMT) during the third quarter, HoldingsChannel reports. The firm bought 2,262 shares of the retailer’s stock, valued at approximately $212,000.
Several other hedge funds have also recently bought and sold shares of WMT. Empirical Finance LLC boosted its position in shares of Walmart by 30.6% in the 2nd quarter. Empirical Finance LLC now owns 3,262 shares of the retailer’s stock worth $279,000 after purchasing an additional 765 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Walmart by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after purchasing an additional 417,204 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Walmart by 3.4% in the 2nd quarter. Fulton Bank N.A. now owns 35,074 shares of the retailer’s stock worth $3,004,000 after purchasing an additional 1,157 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Walmart in the 2nd quarter worth approximately $2,016,000. Finally, Osborn Williams & Donohoe LLC bought a new stake in shares of Walmart in the 2nd quarter worth approximately $506,000. Hedge funds and other institutional investors own 29.42% of the company’s stock.
NYSE WMT opened at $103.33 on Wednesday. The firm has a market cap of $300.21 billion, a PE ratio of 23.38, a PEG ratio of 4.19 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $109.98.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. As a group, analysts forecast that Walmart Inc will post 4.77 EPS for the current fiscal year.
A number of brokerages have recently commented on WMT. Cowen boosted their price target on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. Credit Suisse Group set a $85.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of Walmart in a research report on Thursday, August 16th. Wells Fargo & Co reissued a “neutral” rating and issued a $95.00 price target 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 analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Walmart presently has an average rating of “Buy” and a consensus target price of $103.16.
In other news, insider Jacqueline P. Canney sold 1,575 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $95.48, for a total value of $150,381.00. Following the completion of the sale, the insider now directly owns 57,276 shares in the company, valued at approximately $5,468,712.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 2,009,792 shares of the company’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.63, for a total value of $190,186,616.96. Following the completion of the sale, the insider now owns 10,557,224 shares of the company’s stock, valued at $999,030,107.12. The disclosure for this sale can be found here. Insiders have sold a total of 10,199,130 shares of company stock worth $976,228,654 over the last three months. Insiders own 51.11% of the company’s stock.
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Walmart Company Profile
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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