Oxbow Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 45.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,453 shares of the retailer's stock after buying an additional 8,834 shares during the quarter. Oxbow Advisors LLC's holdings in Walmart were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Advisory Group LLC raised its holdings in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock worth $499,000 after buying an additional 126 shares during the last quarter. Professional Financial Advisors LLC increased its position in shares of Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer's stock valued at $1,763,000 after acquiring an additional 137 shares during the period. Inspire Advisors LLC raised its stake in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer's stock worth $539,000 after acquiring an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Walmart by 2.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer's stock worth $564,000 after acquiring an additional 137 shares during the period. Finally, Trust Co of the South grew its stake in Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer's stock valued at $2,071,000 after purchasing an additional 138 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Citigroup upped their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a report on Friday, September 27th. Barclays raised their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Walmart from $88.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $83.92.
Read Our Latest Stock Analysis on Walmart
Walmart Price Performance
WMT stock traded up $0.98 during mid-day trading on Friday, reaching $84.83. The company's stock had a trading volume of 14,396,543 shares, compared to its average volume of 16,777,629. The stock has a market cap of $681.88 billion, a PE ratio of 44.11, a P/E/G ratio of 4.18 and a beta of 0.51. The company's 50 day moving average is $80.53 and its two-hundred day moving average is $71.92. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. 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 (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Walmart Inc. will post 2.44 EPS for the current year.
Insiders Place Their Bets
In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company'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 value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. Company insiders own 45.58% of the company's stock.
About Walmart
(
Free Report)
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.
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