Courier Capital LLC increased its stake in Walmart Inc. (NYSE:WMT) by 6.2% during the third quarter, Holdings Channel.com reports. The firm owned 7,348 shares of the retailer’s stock after purchasing an additional 428 shares during the quarter. Courier Capital LLC’s holdings in Walmart were worth $1,071,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in WMT. Evolution Wealth Advisors LLC raised its holdings in Walmart by 640.6% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after purchasing an additional 205 shares during the period. Tortoise Investment Management LLC bought a new position in Walmart in the 3rd quarter worth $28,000. Lipe & Dalton bought a new stake in Walmart during the third quarter valued at about $31,000. Marquette Asset Management LLC bought a new stake in Walmart during the second quarter valued at about $34,000. Finally, Atlantic Trust LLC raised its holdings in Walmart by 42.0% during the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock valued at $34,000 after acquiring an additional 84 shares during the period. 29.34% of the stock is currently owned by institutional investors.
In other news, SVP David Chojnowski sold 4,605 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total transaction of $618,175.20. Following the sale, the senior vice president now directly owns 30,620 shares of the company’s stock, valued at $4,110,428.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the sale, the insider now directly owns 11,323,580 shares in the company, valued at $1,553,595,176. The disclosure for this sale can be found here. Insiders have sold 926,690 shares of company stock worth $127,866,887 over the last three months. Corporate insiders own 50.43% of the company’s stock.
Shares of WMT opened at $150.32 on Tuesday. The firm has a market capitalization of $431.98 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. Walmart Inc. has a 1-year low of $102.00 and a 1-year high of $153.40. The company’s fifty day moving average price is $143.05 and its 200-day moving average price is $132.15.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. The firm had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. As a group, research analysts anticipate that Walmart Inc. will post 5.35 EPS for the current fiscal year.
WMT has been the topic of a number of recent analyst reports. KeyCorp raised their price target on Walmart from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, November 12th. Credit Suisse Group reissued a “buy” rating and set a $135.00 price target on shares of Walmart in a report on Monday, September 21st. Oppenheimer reissued a “buy” rating and set a $152.00 price target (up from $145.00) on shares of Walmart in a report on Tuesday, September 22nd. Royal Bank of Canada raised their price objective on Walmart from $132.00 to $137.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 19th. Finally, Barclays restated a “buy” rating and set a $140.00 price objective on shares of Walmart in a research report on Monday, August 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and a consensus price target of $142.75.
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.
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.