Truvestments Capital LLC Increases Position in Walmart Inc (NYSE:WMT)

Truvestments Capital LLC grew its stake in Walmart Inc (NYSE:WMT) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,984 shares of the retailer’s stock after acquiring an additional 188 shares during the quarter. Truvestments Capital LLC’s holdings in Walmart were worth $473,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WMT. Vanguard Group Inc. boosted its position in shares of Walmart by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after purchasing an additional 920,813 shares in the last quarter. FMR LLC boosted its position in shares of Walmart by 0.4% in the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock worth $2,347,413,000 after purchasing an additional 90,683 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Walmart by 6.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock worth $1,415,084,000 after purchasing an additional 721,297 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walmart by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock worth $1,300,665,000 after purchasing an additional 373,683 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Walmart by 5.2% in the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock worth $1,262,053,000 after purchasing an additional 565,425 shares in the last quarter. Institutional investors and hedge funds own 30.10% of the company’s stock.

Shares of WMT stock traded up $0.68 on Thursday, hitting $119.61. The company had a trading volume of 3,382,249 shares, compared to its average volume of 6,387,886. The firm has a market cap of $338.27 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 5.04 and a beta of 0.40. The company has a 50-day moving average price of $115.87 and a 200-day moving average price of $108.34. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $119.88.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 EPS. Equities research analysts expect that Walmart Inc will post 4.92 EPS for the current year.

In other news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. Insiders own 51.11% of the company’s stock.

A number of analysts have recently weighed in on WMT shares. KeyCorp raised their price objective on Walmart from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Credit Suisse Group set a $105.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird raised their price objective on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Guggenheim reissued a “buy” rating and issued a $125.00 price objective on shares of Walmart in a research report on Thursday, August 15th. Finally, ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $116.09.

About Walmart

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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