Allred Capital Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,243 shares of the retailer’s stock after acquiring an additional 435 shares during the quarter. Walmart makes up 1.2% of Allred Capital Management LLC’s holdings, making the stock its 16th largest holding. Allred Capital Management LLC’s holdings in Walmart were worth $1,992,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in WMT. Public Employees Retirement Association of Colorado grew its position in Walmart by 6.1% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 270,761 shares of the retailer’s stock valued at $30,764,000 after acquiring an additional 15,522 shares during the last quarter. State Street Corp grew its position in Walmart by 1.2% in the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock valued at $8,094,312,000 after acquiring an additional 835,420 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Walmart by 340.1% in the 1st quarter. Loomis Sayles & Co. L P now owns 10,166 shares of the retailer’s stock valued at $1,155,000 after acquiring an additional 7,856 shares during the last quarter. Cohen & Steers Inc. bought a new position in Walmart in the 1st quarter valued at $102,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Walmart in the 1st quarter worth $10,771,000. 29.34% of the stock is currently owned by institutional investors.
Shares of Walmart stock opened at $144.71 on Friday. Walmart Inc. has a one year low of $102.00 and a one year high of $151.33. The company has a market cap of $410.07 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 4.60 and a beta of 0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The business’s 50 day moving average price is $139.94 and its 200 day moving average price is $129.14.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $137.70 billion for the quarter, compared to the consensus estimate of $133.77 billion. During the same quarter last year, the business posted $1.27 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 5.28 EPS for the current fiscal year.
WMT has been the subject of several research reports. Oppenheimer reiterated a “buy” rating and issued a $152.00 target price (up from $145.00) on shares of Walmart in a report on Tuesday, September 22nd. Telsey Advisory Group upped their target price on Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Guggenheim upped their price objective on Walmart from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. MKM Partners initiated coverage on Walmart in a research note on Wednesday, July 29th. They set a “neutral” rating and a $147.00 price objective for the company. Finally, Barclays reiterated a “buy” rating and issued a $140.00 price target on shares of Walmart in a research note on Monday, August 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Walmart currently has an average rating of “Buy” and an average price target of $141.46.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $129.22, for a total transaction of $10,983,700.00. Following the completion of the sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 752,085 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total value of $103,186,062.00. Following the sale, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,011,690 shares of company stock worth $138,850,587. 50.43% of the stock is currently owned by company insiders.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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