San Francisco Sentry Investment Group CA boosted its position in Walmart Inc (NYSE:WMT) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,935 shares of the retailer’s stock after acquiring an additional 432 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Walmart were worth $704,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. BerganKDV Wealth Management LLC lifted its holdings in Walmart by 6.1% in the second quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock valued at $2,022,000 after acquiring an additional 1,059 shares during the period. 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 in the last quarter. 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 in the last quarter. Charter Trust Co. raised its position in shares of Walmart by 0.7% in the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after purchasing an additional 301 shares in the last quarter. Finally, Outlook Wealth Advisors LLC acquired a new position in shares of Walmart in the 2nd quarter valued at approximately $238,000. 30.15% of the stock is currently owned by hedge funds and other institutional investors.
WMT has been the topic of a number of recent analyst reports. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and upped their target price for the company from $115.00 to $125.00 in a research report on Thursday, August 15th. Raymond James upped their price target on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Goldman Sachs Group set a $123.00 price target on Walmart and gave the company a “buy” rating in a research report on Thursday, August 15th. Credit Suisse Group set a $105.00 price target on Walmart and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, Guggenheim reissued a “buy” rating and issued a $125.00 price target on shares of Walmart in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $118.41.
WMT stock traded down $0.79 during mid-day trading on Friday, hitting $119.44. The stock had a trading volume of 3,761,572 shares, compared to its average volume of 6,160,737. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $120.92. The company has a fifty day moving average of $118.56 and a 200 day moving average of $111.26. The stock has a market capitalization of $338.07 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 5.11 and a beta of 0.39.
Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. As a group, sell-side analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
In other news, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP David Chojnowski sold 3,680 shares of the 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. Corporate insiders own 51.11% of the company’s stock.
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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