Scott & Selber Inc. lifted its stake in shares of Walmart Inc (NYSE:WMT) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,376 shares of the retailer’s stock after buying an additional 648 shares during the period. Walmart comprises approximately 1.6% of Scott & Selber Inc.’s investment portfolio, making the stock its 21st biggest position. Scott & Selber Inc.’s holdings in Walmart were worth $3,135,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in WMT. Geode Capital Management LLC grew its position in shares of Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after buying an additional 1,532,362 shares during the last quarter. Accuvest Global Advisors acquired a new stake in Walmart in the 4th quarter worth approximately $581,000. Aviance Capital Management LLC boosted its stake in Walmart by 73.3% in the 4th quarter. Aviance Capital Management LLC now owns 13,246 shares of the retailer’s stock worth $1,234,000 after purchasing an additional 5,601 shares in the last quarter. Trustco Bank Corp N Y boosted its stake in Walmart by 3.6% in the 4th quarter. Trustco Bank Corp N Y now owns 10,981 shares of the retailer’s stock worth $1,022,000 after purchasing an additional 386 shares in the last quarter. Finally, Lehman & Derafelo Financial Resources LLC acquired a new stake in Walmart in the 4th quarter worth approximately $264,000. Institutional investors own 30.05% of the company’s stock.
A number of research firms recently commented on WMT. Bank of America set a $120.00 target price on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, May 17th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Jefferies Financial Group lifted their target price on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Loop Capital lifted their target price on shares of Walmart to $115.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, Goldman Sachs Group began coverage on shares of Walmart in a research note on Thursday, July 11th. They issued a “buy” rating and a $123.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $109.56.
In other news, major shareholder Jim C. Walton sold 1,014,826 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the sale, the insider now directly owns 122,673 shares in the company, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 5,559,285 shares of company stock worth $571,021,654 in the last ninety days. 50.22% of the stock is currently owned by corporate insiders.
Shares of WMT stock traded up $2.23 on Tuesday, hitting $107.45. 360,865 shares of the stock traded hands, compared to its average volume of 4,805,763. The company’s 50-day moving average price is $111.46. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $306.25 billion, a PE ratio of 21.90, a PEG ratio of 4.69 and a beta of 0.41. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $115.49.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. Walmart’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Walmart Inc will post 4.84 EPS for the current fiscal 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, shoes.com, and samsclub.com; and mobile commerce applications.
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