Clear Creek Financial Management LLC bought a new position in shares of Walmart Inc (NYSE:WMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,739 shares of the retailer’s stock, valued at approximately $202,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Corbenic Partners LLC bought a new position in shares of Walmart in the fourth quarter valued at $27,000. Shine Investment Advisory Services Inc. lifted its stake in shares of Walmart by 181.7% in the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after buying an additional 198 shares in the last quarter. Knuff & Co LLC bought a new position in shares of Walmart in the third quarter valued at $36,000. Princeton Global Asset Management LLC bought a new position in shares of Walmart in the second quarter valued at $43,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Walmart by 232.7% in the third quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock valued at $43,000 after buying an additional 256 shares in the last quarter. 30.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:WMT remained flat at $$115.90 during mid-day trading on Friday. 1,633,115 shares of the company were exchanged, compared to its average volume of 6,218,285. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $328.24 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 4.70 and a beta of 0.35. The company has a 50 day simple moving average of $118.75 and a 200-day simple moving average of $116.23. Walmart Inc has a 52 week low of $93.11 and a 52 week high of $125.38.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The business had revenue of $126.98 billion during the quarter, compared to analyst estimates of $128.08 billion. During the same period in the prior year, the company earned $1.08 earnings per share. Walmart’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc will post 4.98 EPS for the current fiscal year.
A number of research analysts have weighed in on the stock. Goldman Sachs Group set a $125.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, November 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $115.00 price objective (up from $105.00) on shares of Walmart in a research note on Friday, November 15th. Jefferies Financial Group raised their price objective on shares of Walmart from $127.00 to $137.00 and gave the company a “buy” rating in a research note on Friday, November 15th. They noted that the move was a valuation call. Nomura assumed coverage on shares of Walmart in a research note on Friday, November 8th. They issued a “buy” rating and a $132.00 price objective on the stock. Finally, JPMorgan Chase & Co. set a $130.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $124.22.
In related news, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $119.21, for a total value of $989,443.00. Following the completion of the sale, the executive vice president now owns 216,811 shares in the company, valued at $25,846,039.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $115.91, for a total value of $9,852,350.00. Following the completion of the sale, the executive vice president now owns 2,783,450 shares of the company’s stock, valued at approximately $322,629,689.50. The disclosure for this sale can be found here. Insiders have sold 178,300 shares of company stock valued at $21,090,243 in the last 90 days. Company insiders own 51.11% of the company’s stock.
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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