Personal CFO Solutions LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 5.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,848 shares of the retailer’s stock after acquiring an additional 261 shares during the quarter. Personal CFO Solutions LLC’s holdings in Walmart were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Candriam S.C.A. increased its position in Walmart by 398.9% during the second quarter. Candriam S.C.A. now owns 63,636 shares of the retailer’s stock worth $7,736,000 after buying an additional 50,880 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Walmart in the second quarter valued at approximately $5,302,000. Windward Capital Management Co. CA grew its position in shares of Walmart by 0.7% in the third quarter. Windward Capital Management Co. CA now owns 28,022 shares of the retailer’s stock valued at $3,634,000 after purchasing an additional 201 shares during the last quarter. Meritage Portfolio Management grew its position in shares of Walmart by 35.2% in the third quarter. Meritage Portfolio Management now owns 20,160 shares of the retailer’s stock valued at $2,615,000 after purchasing an additional 5,253 shares during the last quarter. Finally, Norris Perne & French LLP MI grew its position in shares of Walmart by 6.9% in the third quarter. Norris Perne & French LLP MI now owns 2,989 shares of the retailer’s stock valued at $388,000 after purchasing an additional 194 shares during the last quarter. Institutional investors and hedge funds own 31.27% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. TheStreet raised Walmart from a “c+” rating to a “b” rating in a research report on Thursday, September 29th. Cowen upped their target price on Walmart from $165.00 to $175.00 in a research report on Wednesday, November 16th. DA Davidson upped their target price on Walmart from $163.00 to $173.00 and gave the company a “buy” rating in a research report on Wednesday, November 16th. Cowen upped their target price on Walmart from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 16th. Finally, JPMorgan Chase & Co. set a $155.00 target price on Walmart in a research report on Wednesday, November 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.52.
Insider Activity
In other news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $140.94, for a total value of $616,612.50. Following the completion of the transaction, the executive vice president now directly owns 263,809 shares in the company, valued at approximately $37,181,240.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $140.94, for a total value of $616,612.50. Following the completion of the transaction, the executive vice president now directly owns 263,809 shares in the company, valued at approximately $37,181,240.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 350,000 shares of the stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $143.31, for a total value of $50,158,500.00. Following the completion of the sale, the director now owns 267,693,635 shares of the company’s stock, valued at $38,363,174,831.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,831,902 shares of company stock worth $1,312,822,421. Insiders own 47.06% of the company’s stock.
Walmart Stock Up 0.3 %
NYSE WMT opened at $145.29 on Friday. The business has a fifty day moving average price of $146.42 and a two-hundred day moving average price of $137.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The stock has a market capitalization of $391.82 billion, a PE ratio of 44.84, a PEG ratio of 4.35 and a beta of 0.54.
Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings results on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The company had revenue of $152.80 billion during the quarter, compared to analysts’ expectations of $146.80 billion. During the same period in the prior year, the company earned $1.45 EPS. Walmart’s revenue was up 8.8% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 6.08 earnings per share for the current fiscal year.
Walmart announced that its board has authorized a share buyback plan on Tuesday, November 15th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the retailer to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
Walmart Company Profile
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Further Reading
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