Fulton Breakefield Broenniman LLC acquired a new stake in shares of Walmart Inc (NYSE:WMT) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,855 shares of the retailer’s stock, valued at approximately $220,000.
A number of other large investors also recently modified their holdings of WMT. Corbenic Partners LLC purchased a new position in Walmart during the fourth quarter worth about $27,000. Knuff & Co LLC purchased a new stake in Walmart in the 3rd quarter valued at about $36,000. Shine Investment Advisory Services Inc. increased its stake in Walmart by 181.7% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after buying an additional 198 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its position in shares of Walmart by 232.7% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock worth $43,000 after buying an additional 256 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 30.37% of the company’s stock.
WMT opened at $116.18 on Wednesday. The firm has a 50-day moving average price of $118.88 and a 200-day moving average price of $116.18. Walmart Inc has a twelve month low of $93.11 and a twelve month high of $125.38. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $330.19 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 4.71 and a beta of 0.35.
Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their target price on Walmart from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 15th. They noted that the move was a valuation call. Nomura started coverage on Walmart in a report on Friday, November 8th. They set a “buy” rating and a $132.00 price target on the stock. Royal Bank of Canada set a $124.00 price objective on Walmart and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Guggenheim restated a “buy” rating and issued a $135.00 price objective (up previously from $125.00) on shares of Walmart in a research note on Thursday, November 14th. Finally, Telsey Advisory Group raised their target price on Walmart from $130.00 to $132.00 and gave the company an “outperform” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $124.22.
In other news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the sale, the executive vice president now directly owns 2,808,295 shares in the company, valued at $338,596,128.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Judith J. Mckenna sold 8,300 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now directly owns 216,811 shares in the company, valued at $25,846,039.31. The disclosure for this sale can be found here. Corporate insiders own 50.22% of the company’s stock.
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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