Townsquare Capital LLC lifted its holdings in Walmart Inc (NYSE:WMT) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,818 shares of the retailer’s stock after purchasing an additional 514 shares during the quarter. Townsquare Capital LLC’s holdings in Walmart were worth $746,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in WMT. Lincoln Capital LLC grew its stake in Walmart by 1.5% during the second quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after buying an additional 94 shares in the last quarter. First National Bank of Hutchinson lifted its holdings in shares of Walmart by 1.5% in the second quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after acquiring an additional 96 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA lifted its holdings in shares of Walmart by 2.1% in the first quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock worth $470,000 after acquiring an additional 97 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Walmart by 0.6% in the second quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock worth $1,924,000 after acquiring an additional 97 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in shares of Walmart by 2.7% in the second quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock worth $414,000 after acquiring an additional 98 shares during the last quarter. 30.11% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE WMT traded up $0.78 during mid-day trading on Tuesday, reaching $118.40. 4,742,792 shares of the company’s stock were exchanged, compared to its average volume of 5,306,641. The firm has a market capitalization of $332.72 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 5.03 and a beta of 0.39. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $118.41. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The firm has a 50-day moving average price of $112.99 and a two-hundred day moving average price of $106.77.
A number of research analysts have recently commented on WMT shares. Royal Bank of Canada set a $112.00 target price on shares of Walmart and gave the stock a “neutral” rating in a report on Thursday, August 15th. Jefferies Financial Group increased their target price on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Morgan Stanley increased their target price on shares of Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Walmart in a report on Thursday, August 15th. Finally, Raymond James raised their price objective on shares of Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $116.09.
In other Walmart news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,580 shares of company stock valued at $1,658,306. 50.22% of the stock is owned by 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, shoes.com, and samsclub.com; and mobile commerce applications.
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