Hilton Capital Management LLC Has $14.45 Million Stock Position in Walmart Inc. (NYSE:WMT)

Hilton Capital Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 75.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,898 shares of the retailer's stock after buying an additional 77,047 shares during the period. Walmart comprises approximately 1.1% of Hilton Capital Management LLC's investment portfolio, making the stock its 21st largest holding. Hilton Capital Management LLC's holdings in Walmart were worth $14,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WMT. Oxbow Advisors LLC grew its position in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer's stock valued at $2,298,000 after acquiring an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer's stock worth $47,400,000 after purchasing an additional 105,430 shares during the last quarter. Whalerock Point Partners LLC raised its stake in shares of Walmart by 213.5% during the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer's stock worth $1,782,000 after purchasing an additional 20,167 shares during the last quarter. WFA Asset Management Corp raised its position in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer's stock worth $126,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after acquiring an additional 809,352 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.7 %

NYSE:WMT traded up $0.58 during mid-day trading on Wednesday, hitting $87.18. The stock had a trading volume of 17,348,473 shares, compared to its average volume of 16,839,826. The company has a market capitalization of $700.77 billion, a PE ratio of 45.05, a PEG ratio of 4.19 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $88.29. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $81.58 and a two-hundred day simple moving average of $73.34.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating 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 return on equity of 21.72% and a net margin of 2.34%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of analyst reports. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They set a "buy" rating and a $95.00 price objective on the stock. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a research note on Monday. Jefferies Financial Group raised their price target on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Barclays lifted their price objective on Walmart from $66.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Finally, Sanford C. Bernstein lifted their price objective on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus 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.