Smith Moore & CO. increased its stake in Walmart Inc (NYSE:WMT) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,329 shares of the retailer’s stock after buying an additional 371 shares during the quarter. Smith Moore & CO.’s holdings in Walmart were worth $1,915,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC acquired a new stake in shares of Walmart in the 2nd quarter valued at approximately $26,000. C J Advisory Inc acquired a new stake in shares of Walmart in the 1st quarter valued at approximately $29,000. AllSquare Wealth Management LLC lifted its holdings in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new stake in Walmart during the 2nd quarter valued at $34,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in Walmart during the 2nd quarter valued at $37,000. 30.11% of the stock is owned by institutional investors.
Shares of WMT traded up $0.07 during midday trading on Wednesday, reaching $118.47. 4,626,735 shares of the stock were exchanged, compared to its average volume of 6,495,477. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $119.86. 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 cap of $332.72 billion, a P/E ratio of 24.13, a PEG ratio of 5.03 and a beta of 0.39. The stock’s 50 day simple moving average is $113.18 and its 200 day simple moving average is $106.87.
In related news, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 14,580 shares of company stock worth $1,658,306 in the last 90 days. 50.22% of the stock is owned by company insiders.
Several brokerages have issued reports on WMT. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a “neutral” rating in a report on Thursday, August 15th. Raymond James raised their price target on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Bank of America reaffirmed a “buy” rating and set a $135.00 price target (up previously from $120.00) on shares of Walmart in a report on Friday, August 16th. UBS Group set a $115.00 price target on Walmart and gave the company a “hold” rating in a report on Friday, August 16th. Finally, BMO Capital Markets raised their price target on Walmart to $125.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have assigned a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and an average 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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