Norway Savings Bank decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 19.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,310 shares of the retailer’s stock after selling 325 shares during the quarter. Norway Savings Bank’s holdings in Walmart were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of WMT. Evolution Wealth Advisors LLC increased its position in shares of Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after buying an additional 205 shares during the period. Marquette Asset Management LLC purchased a new position in Walmart during the second quarter valued at approximately $34,000. Atlantic Trust LLC increased its holdings in Walmart by 42.0% during the 2nd quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after acquiring an additional 84 shares during the period. Selective Wealth Management Inc. purchased a new stake in Walmart in the 2nd quarter worth approximately $36,000. Finally, Costello Asset Management INC bought a new position in Walmart in the 2nd quarter valued at $38,000. 29.34% of the stock is currently owned by institutional investors and hedge funds.
WMT has been the topic of a number of recent analyst reports. Wells Fargo & Company reiterated a “hold” rating on shares of Walmart in a research report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $137.00 price target on shares of Walmart in a report on Friday, October 2nd. Cowen reissued a “buy” rating and set a $155.00 price objective on shares of Walmart in a report on Wednesday, October 7th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $157.50 price objective on the stock in a research report on Friday, October 2nd. Finally, Tigress Financial reiterated a “hold” rating on shares of Walmart in a research report on Tuesday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $141.46.
In other news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the transaction, the executive vice president now directly owns 1,610,399 shares of the company’s stock, valued at $232,783,175.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total value of $103,186,062.00. Following the transaction, the insider now 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. Over the last quarter, insiders have sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is currently owned by company insiders.
Shares of Walmart stock opened at $144.71 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. Walmart Inc. has a 52-week low of $102.00 and a 52-week high of $151.33. The company’s 50 day moving average price is $139.94 and its 200-day moving average price is $129.14. The stock has a market capitalization of $410.07 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 4.60 and a beta of 0.28.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business had revenue of $137.70 billion during the quarter, compared to analysts’ expectations of $133.77 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc. will post 5.28 earnings per share for the current fiscal year.
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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