Gobi Capital LLC Takes Position in Walmart Inc (NYSE:WMT)

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Gobi Capital LLC acquired a new stake in Walmart Inc (NYSE:WMT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 454,832 shares of the retailer’s stock, valued at approximately $54,480,000. Walmart accounts for approximately 4.0% of Gobi Capital LLC’s holdings, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMT. Howland Capital Management LLC boosted its position in shares of Walmart by 3.3% in the 2nd quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after buying an additional 77 shares in the last quarter. X Square Capital LLC grew its position in Walmart by 2.6% in the second quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock valued at $358,000 after acquiring an additional 77 shares in the last quarter. BSW Wealth Partners boosted its stake in shares of Walmart by 3.6% during the 2nd quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock valued at $264,000 after buying an additional 77 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Walmart by 2.0% during the 2nd quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock valued at $484,000 after buying an additional 80 shares during the last quarter. Finally, NTV Asset Management LLC lifted its stake in Walmart by 1.9% during the second quarter. NTV Asset Management LLC now owns 4,371 shares of the retailer’s stock worth $524,000 after purchasing an additional 80 shares during the last quarter. 29.34% of the stock is currently owned by institutional investors.

In other news, SVP David Chojnowski sold 4,605 shares of Walmart stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total transaction of $618,175.20. Following the sale, the senior vice president now owns 30,620 shares of the company’s stock, valued at approximately $4,110,428.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $120.89, for a total value of $10,275,650.00. Following the sale, the executive vice president now directly owns 2,075,532 shares in the company, valued at approximately $250,911,063.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,605 shares of company stock worth $32,361,425. Company insiders own 50.43% of the company’s stock.

Several brokerages have weighed in on WMT. Guggenheim increased their target price on Walmart from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Cfra reissued a “buy” rating and set a $145.00 price target on shares of Walmart in a report on Thursday, July 16th. BMO Capital Markets raised their price target on Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. They noted that the move was a valuation call. Nomura Instinet lifted their target price on Walmart from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, UBS Group set a $148.00 target price on Walmart and gave the stock a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and a consensus price target of $139.12.

NYSE WMT traded down $1.71 during trading on Friday, hitting $142.83. The company’s stock had a trading volume of 11,264,413 shares, compared to its average volume of 13,727,686. 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 firm has a 50 day moving average price of $133.05 and a 200 day moving average price of $123.94. The firm has a market cap of $404.74 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 4.82 and a beta of 0.28. Walmart Inc has a 52 week low of $102.00 and a 52 week high of $151.33.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $1.27 EPS. On average, equities analysts expect that Walmart Inc will post 5.26 earnings per share for the current year.

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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