James Investment Research Inc. boosted its stake in shares of Walmart Inc (NYSE:WMT) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,779 shares of the retailer’s stock after buying an additional 10,417 shares during the period. Walmart makes up about 1.3% of James Investment Research Inc.’s investment portfolio, making the stock its 12th largest holding. James Investment Research Inc.’s holdings in Walmart were worth $30,782,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. CSat Investment Advisory L.P. bought a new stake in shares of Walmart in the 2nd quarter worth $111,000. ELM Advisors LLC bought a new stake in shares of Walmart in the 3rd quarter worth $152,000. MinichMacGregor Wealth Management LLC increased its holdings in shares of Walmart by 56.0% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after purchasing an additional 629 shares in the last quarter. Amussen Hunsaker Associates LLC bought a new stake in shares of Walmart in the 2nd quarter worth $152,000. Finally, Moody Aldrich Partners LLC bought a new stake in shares of Walmart in the 2nd quarter worth $161,279,000. 29.36% of the stock is owned by institutional investors.
A number of analysts have commented on the company. Cowen lifted their target price on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday. Credit Suisse Group set a $85.00 target price on Walmart and gave the stock a “neutral” rating in a report on Thursday, August 16th. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walmart in a report on Thursday, August 16th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a report on Thursday, August 16th. Finally, ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $103.16.
Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The company had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. On average, equities research analysts anticipate that Walmart Inc will post 4.77 EPS for the current year.
In related news, Director S Robson Walton sold 881,158 shares of Walmart stock in a transaction on Monday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at $326,691,990.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock worth $976,228,654 over the last quarter. 51.11% of the stock is owned by company insiders.
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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