Principal Street Partners LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,582 shares of the retailer’s stock, valued at approximately $220,000.
Other large investors have also added to or reduced their stakes in the company. Guidance Point Advisors LLC purchased a new stake in shares of Walmart during the third quarter worth about $30,000. Mizuho Securities Co. Ltd. grew its position in shares of Walmart by 360.0% during the third quarter. Mizuho Securities Co. Ltd. now owns 253 shares of the retailer’s stock worth $35,000 after purchasing an additional 198 shares in the last quarter. Atlantic Trust LLC purchased a new stake in shares of Walmart during the second quarter worth about $40,000. Spectrum Management Group LLC grew its position in shares of Walmart by 64.2% during the third quarter. Spectrum Management Group LLC now owns 312 shares of the retailer’s stock worth $43,000 after purchasing an additional 122 shares in the last quarter. Finally, Macroview Investment Management LLC grew its position in shares of Walmart by 513.5% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the retailer’s stock worth $44,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 30.87% of the company’s stock.
In other Walmart news, Director S Robson Walton sold 414,729 shares of the firm’s stock in a transaction that occurred on Monday, November 29th. The shares were sold at an average price of $143.16, for a total transaction of $59,372,603.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $146.78, for a total transaction of $1,424,940.24. The disclosure for this sale can be found here. Insiders sold a total of 8,104,124 shares of company stock valued at $1,133,014,546 over the last ninety days. 48.44% of the stock is currently owned by insiders.
Shares of Walmart stock traded up $0.13 during midday trading on Friday, hitting $145.60. The company had a trading volume of 49,763 shares, compared to its average volume of 8,116,018. The stock has a market cap of $403.88 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 4.09 and a beta of 0.51. The company has a quick ratio of 0.29, a current ratio of 0.95 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $143.05 and a 200 day simple moving average of $143.78. Walmart Inc. has a 12-month low of $126.28 and a 12-month high of $152.57.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $140.50 billion during the quarter, compared to analyst estimates of $134.26 billion. Walmart had a net margin of 1.40% and a return on equity of 20.30%. Walmart’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. As a group, analysts expect that Walmart Inc. will post 6.41 EPS for the current year.
Several research firms have weighed in on WMT. Truist Securities began coverage on Walmart in a report on Thursday. They set a “hold” rating and a $153.00 price target for the company. Stifel Nicolaus cut their price target on Walmart from $160.00 to $155.00 and set a “hold” rating for the company in a report on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $185.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. The Goldman Sachs Group raised their price target on Walmart from $184.00 to $196.00 and gave the company a “buy” rating in a report on Tuesday, October 19th. Finally, MKM Partners upgraded Walmart from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $166.00 in a report on Friday, November 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $167.96.
Walmart Profile
Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
Read More: Percentage Gainers
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).
Want More Great Investing Ideas?