Walmart Inc. (NYSE:WMT) Shares Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp raised its stake in Walmart Inc. (NYSE:WMT - Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,223,057 shares of the retailer's stock after buying an additional 12,737 shares during the quarter. King Luther Capital Management Corp's holdings in Walmart were worth $98,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at approximately $25,000. Finally, TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after purchasing an additional 249 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Guggenheim upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an "overweight" rating in a research note on Friday, August 16th. Morgan Stanley upped their target price on shares of Walmart from $89.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday. Evercore ISI raised their price target on Walmart from $66.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Stifel Nicolaus raised their price objective on shares of Walmart from $85.00 to $89.00 and gave the stock a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of "Buy" and an average target price of $91.51.

Walmart Trading Up 0.7 %

Shares of Walmart stock opened at $87.18 on Thursday. The company has a 50-day moving average of $81.75 and a two-hundred day moving average of $73.43. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $88.29. 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 stock has a market cap of $700.77 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, research analysts anticipate that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction 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 approximately $37,113,904.08. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company's stock.

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.

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