Altman Advisors Inc. Acquires 9,104 Shares of Walmart Inc. (NYSE:WMT)

Altman Advisors Inc. lifted its position in Walmart Inc. (NYSE:WMT - Free Report) by 31.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,512 shares of the retailer's stock after purchasing an additional 9,104 shares during the period. Walmart comprises approximately 1.4% of Altman Advisors Inc.'s portfolio, making the stock its 14th biggest holding. Altman Advisors Inc.'s holdings in Walmart were worth $3,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMT. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer's stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Legal & General Group Plc grew its holdings in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer's stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the period. Jennison Associates LLC grew its holdings in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. Raymond James & Associates lifted its position in shares of Walmart by 3.0% in the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer's stock valued at $1,353,881,000 after acquiring an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer's stock worth $1,095,946,000 after buying an additional 834,005 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company's stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 0.7 %

NYSE:WMT traded up $0.58 during trading hours on Wednesday, hitting $87.18. The company had a trading volume of 17,348,499 shares, compared to its average volume of 16,843,436. The company has a market cap of $700.77 billion, a P/E ratio of 45.05, a P/E/G ratio of 4.19 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $88.29. The company has a 50-day moving average of $81.58 and a 200 day moving average of $73.34.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the company earned $0.51 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays boosted their target price on Walmart from $66.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. Guggenheim increased their price target on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday. Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus increased their price objective on Walmart from $85.00 to $89.00 and gave the company a "hold" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Buy" and an average target price of $91.51.

Walmart Company 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.