Segall Bryant & Hamill LLC Buys New Stake in Walmart Inc. (NYSE:WMT)

Segall Bryant & Hamill LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 179,698 shares of the retailer's stock, valued at approximately $14,511,000.

Several other large investors have also bought and sold shares of WMT. CAP Partners LLC grew its stake in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer's stock worth $489,000 after purchasing an additional 125 shares during the period. Investment Advisory Group LLC lifted its position in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock valued at $499,000 after acquiring an additional 126 shares during the period. Jag Capital Management LLC boosted its stake in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer's stock worth $760,000 after acquiring an additional 132 shares in the last quarter. Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer's stock worth $1,763,000 after purchasing an additional 137 shares during the period. Finally, Inspire Advisors LLC increased its stake in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer's stock valued at $539,000 after purchasing an additional 137 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company's stock, valued at $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 0.7 %

Shares of WMT opened at $87.18 on Thursday. The firm has a fifty day moving average price of $81.75 and a 200-day moving average price of $73.43. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $700.77 billion, a P/E ratio of 35.78, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $88.29.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. Morgan Stanley lifted their price target on Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research report on Wednesday. TD Cowen raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $91.49.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.