Gofen & Glossberg LLC IL raised its position in shares of Walmart Inc (NYSE:WMT) by 7.9% in the third quarter, HoldingsChannel reports. The firm owned 26,170 shares of the retailer’s stock after buying an additional 1,918 shares during the period. Gofen & Glossberg LLC IL’s holdings in Walmart were worth $2,458,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth about $1,761,000. Bridgewater Associates LP purchased a new stake in shares of Walmart during the 2nd quarter worth about $14,408,000. Sound Income Strategies LLC raised its stake in shares of Walmart by 31.2% during the 3rd quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock worth $1,511,000 after purchasing an additional 3,825 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of Walmart during the 2nd quarter worth about $1,577,000. Finally, RB Capital Management LLC purchased a new stake in shares of Walmart during the 2nd quarter worth about $271,000. 29.32% of the stock is owned by institutional investors.
A number of research firms have recently weighed in on WMT. Robert W. Baird raised their price target on Walmart to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 16th. Oppenheimer reaffirmed a “neutral” rating and set a $100.00 price target on shares of Walmart in a research note on Thursday, August 16th. BMO Capital Markets assumed coverage on Walmart in a report on Monday, September 17th. They set an “outperform” rating and a $110.00 price objective on the stock. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus reissued a “neutral” rating and set a $95.00 price objective on shares of Walmart in a report on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $102.37.
WMT opened at $94.81 on Friday. The company has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52. 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 12-month low of $81.78 and a 12-month high of $109.98.
Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Research analysts expect that Walmart Inc will post 4.81 EPS for the current fiscal year.
In other Walmart news, major shareholder Jim C. Walton sold 2,009,792 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 10,557,224 shares of the company’s stock, valued at approximately $999,030,107.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 807,654 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $94.46, for a total value of $76,290,996.84. Following the completion of the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $316,181,612.84. The disclosure for this sale can be found here. Insiders sold a total of 10,199,130 shares of company stock worth $976,228,654 in the last ninety days. 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, 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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