Allred Capital Management LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Allred Capital Management LLC lifted its position in Walmart Inc. (NYSE:WMT) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,243 shares of the retailer’s stock after buying an additional 435 shares during the quarter. Walmart makes up approximately 1.2% of Allred Capital Management LLC’s portfolio, making the stock its 16th biggest holding. Allred Capital Management LLC’s holdings in Walmart were worth $1,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Tatro Capital LLC lifted its holdings in shares of Walmart by 3.5% in the third quarter. Tatro Capital LLC now owns 2,209 shares of the retailer’s stock worth $309,000 after buying an additional 74 shares in the last quarter. Howland Capital Management LLC increased its position in shares of Walmart by 3.3% in the second quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after purchasing an additional 77 shares during the last quarter. X Square Capital LLC increased its position in shares of Walmart by 2.6% in the second quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock worth $358,000 after purchasing an additional 77 shares during the last quarter. BSW Wealth Partners increased its position in shares of Walmart by 3.6% in the second quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock worth $264,000 after purchasing an additional 77 shares during the last quarter. Finally, Truvestments Capital LLC increased its position in shares of Walmart by 2.0% in the second quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock worth $484,000 after purchasing an additional 80 shares during the last quarter. 29.34% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on WMT. Guggenheim upped their price objective on shares of Walmart from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Morgan Stanley upped their price objective on shares of Walmart from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Cowen restated a “buy” rating and issued a $155.00 price objective on shares of Walmart in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $144.00 price objective (up from $142.00) on shares of Walmart in a research report on Wednesday, August 19th. Finally, Telsey Advisory Group upped their price objective on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company. Walmart has an average rating of “Buy” and an average target price of $141.46.

In related news, major shareholder Alice L. Walton sold 752,085 shares of Walmart stock in a transaction dated 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 completion of the sale, the insider now directly owns 11,323,580 shares in the company, valued at approximately $1,553,595,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 1,011,690 shares of company stock valued at $138,850,587 over the last quarter. 50.43% of the stock is owned by corporate insiders.

Shares of NYSE:WMT opened at $144.71 on Friday. Walmart Inc. has a 1-year low of $102.00 and a 1-year high of $151.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. The business has a fifty day moving average price of $139.94 and a 200-day moving average price of $129.14. The company has a market capitalization of $410.07 billion, a PE ratio of 23.08, a PEG ratio of 4.60 and a beta of 0.28.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, topping the 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 company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same period last year, the company earned $1.27 EPS. Walmart’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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