GHP Investment Advisors Inc. boosted its position in shares of Walmart Inc (NYSE:WMT) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,484 shares of the retailer’s stock after purchasing an additional 456 shares during the period. GHP Investment Advisors Inc.’s holdings in Walmart were worth $3,147,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Walmart by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares during the last quarter. First Commonwealth Financial Corp PA raised its holdings in shares of Walmart by 90.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 24,441 shares of the retailer’s stock valued at $2,287,000 after acquiring an additional 11,608 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of Walmart by 36.9% during the fourth quarter. Suntrust Banks Inc. now owns 566,545 shares of the retailer’s stock valued at $52,774,000 after acquiring an additional 152,577 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Walmart by 14.4% during the fourth quarter. Hilltop Holdings Inc. now owns 7,035 shares of the retailer’s stock valued at $655,000 after acquiring an additional 888 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Walmart by 4.9% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 384,200 shares of the retailer’s stock valued at $35,788,000 after acquiring an additional 17,900 shares during the last quarter. 30.05% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on WMT. Loop Capital increased their target price on Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Guggenheim restated a “buy” rating and issued a $125.00 price target on shares of Walmart in a research report on Thursday. Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a “neutral” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $112.68.
NYSE:WMT traded up $0.30 during trading hours on Friday, reaching $112.99. 10,817,600 shares of the stock were exchanged, compared to its average volume of 5,421,339. 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 business has a 50-day moving average of $111.36 and a two-hundred day moving average of $103.71. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $115.49. The company has a market capitalization of $303.17 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 4.64 and a beta of 0.41.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc will post 4.85 EPS for the current fiscal year.
In other Walmart news, major shareholder Jim C. Walton sold 1,014,826 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the transaction, the insider now directly owns 17,502,080 shares in the company, valued at $1,843,494,086.40. The transaction was disclosed in a legal 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 company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders have sold 3,918,191 shares of company stock worth $405,136,249 over the last 90 days. 51.11% of the stock is owned by insiders.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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