Gibraltar Capital Management Inc. grew its position in Walmart Inc (NYSE:WMT) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,996 shares of the retailer’s stock after buying an additional 300 shares during the period. Gibraltar Capital Management Inc.’s holdings in Walmart were worth $1,068,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of Walmart by 1.3% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 162,065 shares of the retailer’s stock worth $15,806,000 after acquiring an additional 2,094 shares during the last quarter. Securian Asset Management Inc lifted its holdings in shares of Walmart by 1.1% in the 1st quarter. Securian Asset Management Inc now owns 145,755 shares of the retailer’s stock worth $14,215,000 after acquiring an additional 1,562 shares during the last quarter. Kavar Capital Partners LLC lifted its holdings in shares of Walmart by 5.5% in the 1st quarter. Kavar Capital Partners LLC now owns 2,378 shares of the retailer’s stock worth $232,000 after acquiring an additional 125 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Walmart by 48.5% in the 1st quarter. Quadrant Capital Group LLC now owns 7,689 shares of the retailer’s stock worth $731,000 after acquiring an additional 2,511 shares during the last quarter. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Walmart by 33.2% in the 1st quarter. Atlas Capital Advisors LLC now owns 12,318 shares of the retailer’s stock worth $1,201,000 after acquiring an additional 3,069 shares during the last quarter. 30.10% of the stock is owned by institutional investors and hedge funds.
In other Walmart news, insider John R. Furner sold 7,900 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. Corporate insiders own 50.22% of the company’s stock.
Shares of NYSE:WMT traded up $1.35 during trading hours on Wednesday, reaching $118.93. The stock had a trading volume of 3,903,855 shares, compared to its average volume of 6,409,988. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $119.86. The firm’s 50 day moving average is $115.77 and its 200-day moving average is $108.24. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The stock has a market capitalization of $338.25 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 5.08 and a beta of 0.40.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $130.40 billion for the quarter, compared to the consensus estimate of $129.32 billion. During the same period in the prior year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Walmart Inc will post 4.91 EPS for the current year.
Several equities analysts have recently commented on WMT shares. Deutsche Bank set a $124.00 price objective on shares of Walmart and gave the stock 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 stock a “buy” rating in a report on Thursday, August 15th. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a report on Tuesday, September 17th. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, Bank of America reiterated a “buy” rating and set a $135.00 target price (up from $120.00) on shares of Walmart in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eighteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $116.09.
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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