Alpha Cubed Investments LLC Buys 9,404 Shares of Walmart Inc (WMT)

Alpha Cubed Investments LLC boosted its stake in Walmart Inc (NYSE:WMT) by 286.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,683 shares of the retailer’s stock after buying an additional 9,404 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Walmart were worth $1,232,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of WMT. BlackRock Inc. raised its holdings in Walmart by 1.9% in the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after acquiring an additional 1,660,543 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Walmart by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock valued at $881,168,000 after acquiring an additional 148,000 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Walmart by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 9,931,750 shares of the retailer’s stock valued at $932,691,000 after acquiring an additional 323,377 shares during the last quarter. Bank of Montreal Can raised its holdings in Walmart by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock valued at $696,182,000 after acquiring an additional 117,333 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Walmart by 2.0% in the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after acquiring an additional 109,700 shares during the last quarter. 29.40% of the stock is currently owned by hedge funds and other institutional investors.

WMT stock opened at $98.94 on Friday. The firm has a market cap of $293.81 billion, a PE ratio of 22.38, a PEG ratio of 4.10 and a beta of 0.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98.



Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Walmart Inc will post 4.77 earnings per share for the current fiscal year.

In related news, major shareholder Alice L. Walton sold 286,762 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $96.17, for a total transaction of $27,577,901.54. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $649,010,938.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. Raymond James reiterated a “buy” rating and issued a $105.00 price target on shares of Walmart in a report on Thursday, October 18th. Stifel Nicolaus reiterated a “neutral” rating and issued a $95.00 price target on shares of Walmart in a report on Friday, August 17th. Guggenheim reiterated a “buy” rating and issued a $110.00 price target on shares of Walmart in a report on Tuesday, October 16th. MKM Partners cut their price target on Walmart from $107.00 to $105.00 in a report on Monday, October 22nd. Finally, Telsey Advisory Group boosted their price target on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $103.16.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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