Other large investors have also recently added to or reduced their stakes in the company. AMI Investment Management Inc. grew its position in Walmart by 1.6% during the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock worth $1,231,000 after buying an additional 132 shares during the period. Zions Bancorporation N.A. grew its position in Walmart by 36.8% during the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after buying an additional 1,296 shares during the period. Covestor Ltd grew its position in Walmart by 31.7% during the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after buying an additional 280 shares during the period. Ergoteles LLC grew its position in Walmart by 123.9% during the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock worth $1,573,000 after buying an additional 5,847 shares during the period. Finally, Mackenzie Financial Corp grew its position in Walmart by 1.7% during the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock worth $127,749,000 after buying an additional 13,985 shares during the period. 31.27% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director S Robson Walton sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $149.48, for a total transaction of $37,370,000.00. Following the sale, the director now owns 277,227,135 shares in the company, valued at $41,439,912,139.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director S Robson Walton sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $149.48, for a total transaction of $37,370,000.00. Following the sale, the director now owns 277,227,135 shares in the company, valued at $41,439,912,139.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rachel L. Brand sold 4,853 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $150.66, for a total transaction of $731,152.98. Following the sale, the executive vice president now owns 179,496 shares in the company, valued at approximately $27,042,867.36. The disclosure for this sale can be found here. Insiders have sold 5,391,602 shares of company stock worth $802,932,498 over the last 90 days. 47.06% of the stock is owned by company insiders.
Analyst Ratings Changes
WMT has been the topic of several research reports. The Goldman Sachs Group set a $160.00 price target on shares of Walmart in a research report on Wednesday, November 16th. Raymond James increased their price target on shares of Walmart from $150.00 to $160.00 in a research report on Wednesday, November 16th. Sanford C. Bernstein initiated coverage on shares of Walmart in a research report on Tuesday, December 6th. They set a “market perform” rating and a $159.00 target price on the stock. DA Davidson raised their target price on shares of Walmart from $163.00 to $173.00 and gave the stock a “buy” rating in a research report on Wednesday, November 16th. Finally, Credit Suisse Group set a $170.00 target price on shares of Walmart in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.25.
Walmart Stock Up 0.7 %
WMT stock opened at $146.57 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average is $143.72 and its two-hundred day moving average is $139.82. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company has a market capitalization of $395.27 billion, a price-to-earnings ratio of 45.24, a price-to-earnings-growth ratio of 4.08 and a beta of 0.52.
Walmart (NYSE:WMT – Get Rating) last released its earnings results on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The business had revenue of $152.80 billion for the quarter, compared to the consensus estimate of $146.80 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 6.08 earnings per share for the current fiscal year.
Walmart declared that its Board of Directors has approved a stock buyback program on Tuesday, November 15th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the retailer to reacquire up to 5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Walmart Company Profile
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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.
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