Great Valley Advisor Group Inc. Has $17.54 Million Position in Walmart Inc. (NYSE:WMT)

Great Valley Advisor Group Inc. boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,229 shares of the retailer's stock after purchasing an additional 29,727 shares during the quarter. Great Valley Advisor Group Inc.'s holdings in Walmart were worth $17,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its position in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer's stock worth $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer's stock worth $16,255,000 after acquiring an additional 168,346 shares during the last quarter. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth $25,000. Westwood Holdings Group Inc. increased its position in Walmart by 168.9% during the first quarter. Westwood Holdings Group Inc. now owns 1,531,461 shares of the retailer's stock worth $92,148,000 after acquiring an additional 961,936 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in Walmart by 193.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 74,195 shares of the retailer's stock valued at $4,464,000 after purchasing an additional 48,895 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Up 2.3 %

NYSE:WMT traded up $2.05 during trading hours on Friday, hitting $90.44. 23,990,645 shares of the stock were exchanged, compared to its average volume of 15,037,011. The company has a market capitalization of $726.98 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The company's 50 day moving average is $82.12 and its two-hundred day moving average is $73.84. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 21.78% and a net margin of 2.92%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday. UBS Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Telsey Advisory Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $91.88.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company's stock, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart 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 transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by insiders.

About Walmart

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.