Vigilant Capital Management LLC increased its position in Walmart Inc. (NYSE:WMT) by 51.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,472 shares of the retailer’s stock after buying an additional 842 shares during the quarter. Vigilant Capital Management LLC’s holdings in Walmart were worth $346,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Advisors LLC lifted its holdings in shares of Walmart by 640.6% in the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after buying an additional 205 shares during the period. Atlantic Trust LLC raised its position in shares of Walmart by 42.0% during the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Walmart during the second quarter worth $34,000. Selective Wealth Management Inc. acquired a new stake in shares of Walmart during the second quarter worth $36,000. Finally, Costello Asset Management INC acquired a new stake in shares of Walmart during the second quarter worth $38,000. Institutional investors and hedge funds own 29.34% of the company’s stock.
In other Walmart news, SVP David Chojnowski sold 4,605 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the sale, the senior vice president now directly owns 30,620 shares in the company, valued at $4,110,428.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $144.55, for a total value of $12,286,750.00. Following the completion of the sale, the executive vice president now owns 1,610,399 shares in the company, valued at $232,783,175.45. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,690 shares of company stock valued at $138,850,587 in the last 90 days. 50.43% of the stock is owned by corporate insiders.
A number of brokerages have recently issued reports on WMT. Tigress Financial reaffirmed a “hold” rating on shares of Walmart in a research report on Tuesday, July 28th. Telsey Advisory Group boosted their target price on Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Cowen reaffirmed a “buy” rating and set a $155.00 target price on shares of Walmart in a research report on Wednesday, October 7th. MKM Partners assumed coverage on Walmart in a research report on Wednesday, July 29th. They set a “neutral” rating and a $147.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on Walmart from $132.00 to $137.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.46.
Walmart stock opened at $144.71 on Friday. The business has a 50 day moving average price of $139.94 and a two-hundred day moving average price of $129.14. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The stock has a market cap of $410.07 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. Walmart Inc. has a 12 month low of $102.00 and a 12 month high of $151.33.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion during the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, analysts expect that Walmart Inc. will post 5.28 earnings per share for the current fiscal year.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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