Winfield Associates Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Winfield Associates Inc. bought a new stake in Walmart Inc. (NYSE:WMT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,822 shares of the retailer’s stock, valued at approximately $393,000.

Several other large investors have also recently bought and sold shares of the company. Paragon Wealth Strategies LLC acquired a new stake in shares of Walmart in the second quarter valued at approximately $31,000. Atlantic Trust LLC acquired a new stake in Walmart during the 2nd quarter worth $40,000. Freedman Financial Associates Inc. grew its holdings in Walmart by 40.0% during the 2nd quarter. Freedman Financial Associates Inc. now owns 350 shares of the retailer’s stock worth $49,000 after acquiring an additional 100 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Walmart during the 2nd quarter worth $52,000. Finally, Financial Insights Inc. acquired a new stake in Walmart during the 2nd quarter worth $56,000. Institutional investors own 30.38% of the company’s stock.

Several equities analysts have recently issued reports on WMT shares. Telsey Advisory Group boosted their price target on shares of Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, August 18th. Wells Fargo & Company raised shares of Walmart from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $150.00 to $165.00 in a report on Thursday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $185.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. Evercore ISI reaffirmed a “hold” rating on shares of Walmart in a research report on Thursday, August 19th. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $170.20.

Shares of WMT stock traded up $0.73 on Thursday, reaching $146.54. The stock had a trading volume of 6,025,136 shares, compared to its average volume of 8,017,379. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The firm has a market capitalization of $408.63 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 4.28 and a beta of 0.50. The firm’s 50-day moving average is $144.23 and its two-hundred day moving average is $143.33. The company has a quick ratio of 0.38, a current ratio of 0.96 and a debt-to-equity ratio of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The business had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same quarter in the prior year, the business earned $1.34 EPS. Walmart’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 6.31 earnings per share for the current fiscal year.

In other news, Director S Robson Walton sold 544,383 shares of the company’s stock in a transaction that occurred on Friday, September 3rd. The shares were sold at an average price of $149.04, for a total transaction of $81,134,842.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 363,513 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $146.63, for a total transaction of $53,301,911.19. Following the completion of the transaction, the insider now directly owns 10,507,124 shares of the company’s stock, valued at approximately $1,540,659,592.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,053,929 shares of company stock worth $741,184,102. 48.44% of the stock is owned by company insiders.

Walmart Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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