Eaton Vance Management increased its stake in shares of Walmart Inc (NYSE:WMT) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 1,334,197 shares of the retailer’s stock after purchasing an additional 25,293 shares during the period. Eaton Vance Management’s holdings in Walmart were worth $125,294,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in Walmart during the second quarter valued at $111,000. Amussen Hunsaker Associates LLC purchased a new stake in Walmart during the second quarter valued at $152,000. ELM Advisors LLC purchased a new stake in Walmart during the third quarter valued at $152,000. Berman Capital Advisors LLC purchased a new stake in Walmart during the third quarter valued at $158,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Walmart during the third quarter valued at $162,000. Hedge funds and other institutional investors own 29.18% of the company’s stock.
A number of research firms recently issued reports on WMT. Barclays reaffirmed a “buy” rating and set a $110.00 price target on shares of Walmart in a research note on Tuesday. Royal Bank of Canada reaffirmed a “neutral” rating and set a $101.00 price target on shares of Walmart in a research note on Tuesday. Daiwa Capital Markets downgraded shares of Walmart from an “outperform” rating to a “neutral” rating and set a $101.00 price target on the stock. in a research note on Tuesday, November 20th. Wells Fargo & Co reaffirmed a “neutral” rating and set a $98.00 price target on shares of Walmart in a research note on Tuesday, November 20th. Finally, Independent Research reaffirmed a “neutral” rating and set a $101.00 price target on shares of Walmart in a research note on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $104.04.
In related news, insider John R. Furner sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $97.34, for a total value of $389,360.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,030,640 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $96.65, for a total transaction of $99,611,356.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $652,250,257. The disclosure for this sale can be found here. In the last three months, insiders sold 12,891,107 shares of company stock worth $1,236,447,886. Insiders own 51.11% of the company’s stock.
Shares of WMT opened at $93.19 on Friday. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $109.98. The firm has a market capitalization of $283.83 billion, a PE ratio of 21.08, a PEG ratio of 3.91 and a beta of 0.32. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The business had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. On average, equities research analysts predict that Walmart Inc will post 4.81 earnings per share for the current year.
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Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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