Lenox Wealth Management Inc. grew its position in Walmart Inc (NYSE:WMT) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,795 shares of the retailer’s stock after purchasing an additional 364 shares during the period. Lenox Wealth Management Inc.’s holdings in Walmart were worth $331,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Walmart by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after purchasing an additional 920,813 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after acquiring an additional 721,297 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after acquiring an additional 373,683 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Walmart by 5.2% in the second quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after acquiring an additional 565,425 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.7% in the third quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after acquiring an additional 284,748 shares in the last quarter. Hedge funds and other institutional investors own 30.15% of the company’s stock.
In related news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is currently owned by corporate insiders.
NYSE:WMT traded down $0.79 during trading hours on Friday, reaching $119.44. 3,761,572 shares of the company’s stock were exchanged, compared to its average volume of 6,160,737. The company has a market capitalization of $338.07 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 5.11 and a beta of 0.39. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $120.92. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The business’s 50-day simple moving average is $118.56 and its two-hundred day simple moving average is $111.26.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. As a group, sell-side analysts anticipate that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on WMT shares. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a report on Tuesday, September 17th. Citigroup reiterated a “buy” rating and issued a $135.00 price objective (up from $129.00) on shares of Walmart in a report on Wednesday, September 18th. Deutsche Bank set a $124.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Goldman Sachs Group set a $123.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Morgan Stanley increased their price objective on shares of Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $118.41.
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.
Read More: What are the most popular ETFs
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.