Fulton Breakefield Broenniman LLC Purchases New Shares in Walmart Inc (NYSE:WMT)

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.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. During the same period last year, the firm earned $1.08 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc will post 4.98 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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