Intellectus Partners LLC Grows Position in Walmart Inc (NYSE:WMT)

Intellectus Partners LLC increased its position in shares of Walmart Inc (NYSE:WMT) by 14.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,986 shares of the retailer’s stock after buying an additional 1,675 shares during the quarter. Intellectus Partners LLC’s holdings in Walmart were worth $1,541,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC grew its stake in Walmart by 6.1% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock worth $2,022,000 after buying an additional 1,059 shares during the last quarter. Centric Wealth Management lifted its position in Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares during the period. Carroll Financial Associates Inc. lifted its position in Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares during the period. Charter Trust Co. lifted its position in Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after acquiring an additional 301 shares during the period. Finally, Dixon Hubard Feinour & Brown Inc. VA lifted its position in Walmart by 2.1% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 30.10% of the company’s stock.

NYSE WMT traded up $0.30 during mid-day trading on Friday, hitting $119.91. The stock had a trading volume of 1,684,383 shares, compared to its average volume of 5,281,826. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $119.88. The company has a market cap of $334.43 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 5.06 and a beta of 0.40. The company has a 50 day simple moving average of $116.01 and a 200 day simple moving average of $108.44. 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 (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. Walmart’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. As a group, equities analysts anticipate that Walmart Inc will post 4.92 earnings per share for the current fiscal year.

A number of research firms have weighed in on WMT. Citigroup reaffirmed a “buy” rating and set a $135.00 price objective (up from $129.00) on shares of Walmart in a research report on Wednesday, September 18th. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walmart in a research report on Thursday, August 15th. Royal Bank of Canada set a $112.00 price objective on Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. set a $115.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, Raymond James increased their price objective on Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have given a buy rating to the company’s stock. Walmart has a consensus rating of “Hold” and a consensus target price of $116.09.

In other Walmart news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was 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. Company insiders own 51.11% of the company’s stock.

Walmart Profile

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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