Successful Portfolios LLC Acquires 254 Shares of Walmart Inc (NYSE:WMT)

Successful Portfolios LLC raised its holdings in Walmart Inc (NYSE:WMT) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,692 shares of the retailer’s stock after buying an additional 254 shares during the quarter. Walmart accounts for 1.7% of Successful Portfolios LLC’s investment portfolio, making the stock its 7th largest holding. Successful Portfolios LLC’s holdings in Walmart were worth $1,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC raised its position in shares of Walmart by 249.1% during the first quarter. SG Americas Securities LLC now owns 153,583 shares of the retailer’s stock worth $14,979,000 after purchasing an additional 256,613 shares during the period. YHB Investment Advisors Inc. raised its position in shares of Walmart by 3.2% during the first quarter. YHB Investment Advisors Inc. now owns 16,950 shares of the retailer’s stock worth $1,653,000 after purchasing an additional 525 shares during the period. MAI Capital Management raised its position in shares of Walmart by 1.5% during the first quarter. MAI Capital Management now owns 18,459 shares of the retailer’s stock worth $1,800,000 after purchasing an additional 277 shares during the period. Verity & Verity LLC raised its position in shares of Walmart by 3.4% during the first quarter. Verity & Verity LLC now owns 90,874 shares of the retailer’s stock worth $8,862,000 after purchasing an additional 2,977 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in shares of Walmart by 343.3% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 53,789 shares of the retailer’s stock worth $5,222,000 after purchasing an additional 41,655 shares during the period. 30.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on WMT shares. Goldman Sachs Group set a $123.00 target price on Walmart and gave the stock a “buy” rating in a research report on Thursday, August 15th. Morgan Stanley increased their price target on Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Raymond James increased their price target on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating and set a $121.00 price target for the company. in a research report on Tuesday, September 17th. Finally, Credit Suisse Group set a $105.00 price target on Walmart and gave the company a “hold” rating in a research report on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $116.09.



NYSE:WMT traded up $0.63 during trading on Friday, reaching $120.24. The company’s stock had a trading volume of 438,933 shares, compared to its average volume of 5,281,826. The firm has a market cap of $334.43 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 5.06 and a beta of 0.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The firm has a 50 day moving average of $116.01 and a 200-day moving average of $108.44. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $119.88.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts forecast that Walmart Inc will post 4.92 earnings per share for the current fiscal year.

In other Walmart news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction 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 available at the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by corporate insiders.

About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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