King Luther Capital Management Corp grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,281,646 shares of the retailer's stock after buying an additional 42,643 shares during the quarter. King Luther Capital Management Corp's holdings in Walmart were worth $112,516,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of WMT. Bear Mountain Capital Inc. raised its holdings in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares during the period. EQ Wealth Advisors LLC purchased a new position in shares of Walmart during the 1st quarter valued at $35,000. Lipe & Dalton grew its position in shares of Walmart by 95.2% during the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares in the last quarter. Nexus Investment Management ULC purchased a new position in shares of Walmart during the 1st quarter valued at $49,000. Finally, Vega Investment Solutions purchased a new position in Walmart in the fourth quarter worth $54,000. Institutional investors own 26.76% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Mizuho upped their price target on shares of Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Tigress Financial upped their price target on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a research report on Monday, June 9th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $106.67.
Check Out Our Latest Stock Report on Walmart
Walmart Trading Up 0.6%
WMT stock traded up $0.65 during trading on Friday, reaching $103.77. The company had a trading volume of 12,392,140 shares, compared to its average volume of 13,978,248. Walmart Inc. has a 52 week low of $67.14 and a 52 week high of $105.30. The company has a market cap of $828.13 billion, a P/E ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The business has a 50 day moving average of $97.30 and a 200 day moving average of $95.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Walmart's revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Insider Activity at Walmart
In related news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,112 shares of company stock valued at $14,080,073 in the last three months. Corporate insiders own 0.10% of the company's stock.
Walmart Profile
(
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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