BluePath Capital Management LLC Purchases 1,228 Shares of Walmart Inc. (NYSE:WMT)

BluePath Capital Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 10.5% during the third quarter, HoldingsChannel.com reports. The firm owned 12,960 shares of the retailer’s stock after buying an additional 1,228 shares during the quarter. BluePath Capital Management LLC’s holdings in Walmart were worth $1,047,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. bought a new stake in Walmart in the first quarter valued at approximately $137,000. InTrack Investment Management Inc raised its stake in Walmart by 305.5% in the first quarter. InTrack Investment Management Inc now owns 6,557 shares of the retailer’s stock valued at $395,000 after buying an additional 4,940 shares during the period. Verum Partners LLC raised its stake in Walmart by 210.3% in the first quarter. Verum Partners LLC now owns 5,282 shares of the retailer’s stock valued at $318,000 after buying an additional 3,580 shares during the period. CAP Partners LLC raised its stake in Walmart by 209.0% in the first quarter. CAP Partners LLC now owns 5,766 shares of the retailer’s stock valued at $347,000 after buying an additional 3,900 shares during the period. Finally, Nvest Financial LLC raised its stake in Walmart by 210.5% in the first quarter. Nvest Financial LLC now owns 72,815 shares of the retailer’s stock valued at $4,381,000 after buying an additional 49,362 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Walmart stock opened at $82.19 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $660.66 billion, a P/E ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51. The company’s 50 day moving average price is $79.80 and its two-hundred day moving average price is $71.09. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird upped their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Telsey Advisory Group upped their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.89.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.