Ibex Wealth Advisors lifted its holdings in Walmart Inc (NYSE:WMT) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,818 shares of the retailer’s stock after purchasing an additional 918 shares during the period. Ibex Wealth Advisors’ holdings in Walmart were worth $1,523,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its position in shares of Walmart by 1.4% during the 3rd quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock valued at $8,380,279,000 after acquiring an additional 985,538 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Walmart by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after buying an additional 284,748 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Walmart by 14.4% during the 3rd quarter. California Public Employees Retirement System now owns 6,417,211 shares of the retailer’s stock valued at $761,595,000 after buying an additional 807,470 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Walmart by 43.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock valued at $782,423,000 after buying an additional 1,463,052 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Walmart by 4.4% during the 3rd quarter. Rhumbline Advisers now owns 2,495,369 shares of the retailer’s stock valued at $296,150,000 after buying an additional 106,220 shares in the last quarter. 30.43% of the stock is owned by hedge funds and other institutional investors.
WMT traded down $1.58 during trading on Friday, hitting $114.23. 218,351 shares of the stock were exchanged, compared to its average volume of 5,318,016. The firm has a 50 day simple moving average of $118.25 and a 200 day simple moving average of $116.37. The firm has a market cap of $329.40 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 4.70 and a beta of 0.35. Walmart Inc has a 1 year low of $93.11 and a 1 year high of $125.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.20 and a current ratio of 0.81.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, topping the consensus estimate of $1.09 by $0.07. The company had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. As a group, equities analysts anticipate that Walmart Inc will post 4.98 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on WMT shares. Oppenheimer lifted their target price on shares of Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. KeyCorp restated an “overweight” rating and set a $138.00 target price (up previously from $128.00) on shares of Walmart in a research note on Friday, November 15th. Odeon Capital Group started coverage on shares of Walmart in a research note on Thursday. They set a “hold” rating and a $105.00 target price on the stock. ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Raymond James lifted their target price on shares of Walmart from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $123.51.
In other Walmart news, EVP Judith J. Mckenna sold 8,300 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the sale, the executive vice president now owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $120.57, for a total value of $10,248,450.00. Following the sale, the executive vice president now directly owns 2,808,295 shares in the company, valued at approximately $338,596,128.15. The disclosure for this sale can be found here. Insiders have sold a total of 178,300 shares of company stock worth $21,090,243 in the last ninety days. Insiders own 51.11% of the company’s stock.
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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