Spearhead Capital Advisors LLC Raises Stake in Walmart Inc (WMT)

Spearhead Capital Advisors LLC lifted its position in Walmart Inc (NYSE:WMT) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,837 shares of the retailer’s stock after purchasing an additional 732 shares during the quarter. Spearhead Capital Advisors LLC’s holdings in Walmart were worth $3,488,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gofen & Glossberg LLC IL grew its position in Walmart by 7.9% in the third quarter. Gofen & Glossberg LLC IL now owns 26,170 shares of the retailer’s stock worth $2,458,000 after acquiring an additional 1,918 shares in the last quarter. Montecito Bank & Trust grew its position in Walmart by 52.8% in the third quarter. Montecito Bank & Trust now owns 13,581 shares of the retailer’s stock worth $1,275,000 after acquiring an additional 4,694 shares in the last quarter. Vigilant Capital Management LLC grew its position in Walmart by 1,239.8% in the third quarter. Vigilant Capital Management LLC now owns 5,118 shares of the retailer’s stock worth $481,000 after acquiring an additional 4,736 shares in the last quarter. Arrow Financial Corp grew its position in Walmart by 3.2% in the third quarter. Arrow Financial Corp now owns 29,775 shares of the retailer’s stock worth $2,796,000 after acquiring an additional 935 shares in the last quarter. Finally, Kiley Juergens Wealth Management LLC grew its position in Walmart by 60.1% in the third quarter. Kiley Juergens Wealth Management LLC now owns 3,097 shares of the retailer’s stock worth $290,000 after acquiring an additional 1,163 shares in the last quarter. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

Walmart stock opened at $94.81 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. The company has a market cap of $278.20 billion, a PE ratio of 21.45, a P/E/G ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc will post 4.81 EPS for the current year.

In other news, Director S Robson Walton sold 881,158 shares of Walmart stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the sale, the director now owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 1,575 shares of Walmart stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $95.48, for a total transaction of $150,381.00. Following the sale, the insider now directly owns 57,276 shares of the company’s stock, valued at approximately $5,468,712.48. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock valued at $976,228,654 in the last ninety days. Insiders own 51.11% of the company’s stock.

Several research analysts recently commented on WMT shares. Telsey Advisory Group lifted their price target on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Argus set a $112.00 price target on Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Goldman Sachs Group set a $101.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Friday, September 14th. Morgan Stanley reiterated a “neutral” rating and issued a $98.00 price target on shares of Walmart in a research report on Thursday, October 4th. Finally, Royal Bank of Canada set a $101.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Monday, September 3rd. Eighteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $102.37.

Walmart 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Featured Story: Buyback

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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.

Leave a Reply