We Are One Seven LLC grew its stake in Walmart Inc (NYSE:WMT) by 16.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,819 shares of the retailer’s stock after acquiring an additional 408 shares during the quarter. We Are One Seven LLC’s holdings in Walmart were worth $335,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in WMT. Dakota Wealth Management lifted its stake in shares of Walmart by 54.2% in the 1st quarter. Dakota Wealth Management now owns 45,405 shares of the retailer’s stock valued at $4,429,000 after purchasing an additional 15,967 shares during the period. Quantamental Technologies LLC acquired a new stake in Walmart during the 1st quarter worth $1,080,000. Patriot Financial Group Insurance Agency LLC raised its stake in Walmart by 4.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 13,365 shares of the retailer’s stock worth $1,303,000 after buying an additional 552 shares during the period. First Midwest Bank Trust Division raised its stake in Walmart by 23.6% during the 1st quarter. First Midwest Bank Trust Division now owns 34,061 shares of the retailer’s stock worth $3,322,000 after buying an additional 6,510 shares during the period. Finally, 1ST Source Bank raised its stake in Walmart by 1.4% during the 1st quarter. 1ST Source Bank now owns 17,229 shares of the retailer’s stock worth $1,680,000 after buying an additional 231 shares during the period. Institutional investors own 30.10% of the company’s stock.
Shares of WMT stock opened at $120.24 on Friday. The firm has a 50 day moving average price of $116.17 and a two-hundred day moving average price of $108.55. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $338.27 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 5.11 and a beta of 0.40. Walmart Inc has a 12-month low of $85.78 and a 12-month high of $120.71.
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, topping the Thomson Reuters’ 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 net margin of 2.48% and a return on equity of 18.23%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. As a group, research analysts expect that Walmart Inc will post 4.92 EPS for the current year.
In other news, SVP David Chojnowski sold 3,680 shares of Walmart stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Company insiders own 51.11% of the company’s stock.
Several analysts recently commented on the company. Credit Suisse Group set a $105.00 price objective on Walmart and gave the stock a “hold” rating in a research note on Thursday, August 15th. Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a report on Tuesday, September 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target (up previously from $118.00) on shares of Walmart in a report on Friday, August 16th. Citigroup reiterated a “buy” rating and set a $135.00 price target (up previously from $129.00) on shares of Walmart in a report on Wednesday, September 18th. Finally, Loop Capital lifted their price target on Walmart to $115.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, thirteen have assigned 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.
Walmart Company 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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