Montag A & Associates Inc. Buys 1,990 Shares of Walmart Inc (NYSE:WMT)

Montag A & Associates Inc. boosted its stake in Walmart Inc (NYSE:WMT) by 1.5% in the third quarter, HoldingsChannel reports. The firm owned 137,634 shares of the retailer’s stock after acquiring an additional 1,990 shares during the period. Walmart accounts for about 1.4% of Montag A & Associates Inc.’s holdings, making the stock its 13th biggest position. Montag A & Associates Inc.’s holdings in Walmart were worth $16,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Walmart by 0.7% in the second quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after acquiring an additional 920,813 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Walmart by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after acquiring an additional 721,297 shares during the period. Bank of New York Mellon Corp grew its stake in Walmart by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after acquiring an additional 373,683 shares during the period. Morgan Stanley grew its stake in Walmart by 5.2% in the second quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after acquiring an additional 565,425 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Walmart by 2.7% in the third quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after acquiring an additional 284,748 shares during the period. Institutional investors and hedge funds own 30.15% of the company’s stock.

NYSE WMT traded down $0.79 during trading hours on Friday, hitting $119.44. 3,832,575 shares of the company traded hands, compared to its average volume of 6,160,737. The business’s 50-day moving average is $118.53 and its 200-day moving average is $111.18. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $120.92. 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 stock has a market capitalization of $338.07 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 5.11 and a beta of 0.39.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts predict that Walmart Inc will post 4.92 EPS for the current year.

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Walmart to $125.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $130.00 target price on shares of Walmart in a research note on Friday. Royal Bank of Canada set a $112.00 target price on Walmart and gave the company a “neutral” rating in a research note on Thursday, August 15th. Citigroup reissued a “buy” rating and issued a $135.00 target price (up from $129.00) on shares of Walmart in a research note on Wednesday, September 18th. Finally, Oppenheimer boosted their target price on Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $117.66.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.

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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