Truvestments Capital LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Truvestments Capital LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,640 shares of the retailer’s stock after buying an additional 1,113 shares during the quarter. Truvestments Capital LLC’s holdings in Walmart were worth $617,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WMT. Brown Brothers Harriman & Co. boosted its stake in Walmart by 2.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 194,326 shares of the retailer’s stock valued at $15,692,000 after purchasing an additional 5,529 shares during the period. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of Walmart by 10.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 3,724 shares of the retailer’s stock valued at $301,000 after buying an additional 347 shares during the period. Davis R M Inc. boosted its position in shares of Walmart by 12.7% during the 3rd quarter. Davis R M Inc. now owns 12,548 shares of the retailer’s stock valued at $1,013,000 after purchasing an additional 1,413 shares in the last quarter. Fisher Asset Management LLC grew its position in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Walmart by 8.0% during the third quarter. Daiwa Securities Group Inc. now owns 718,194 shares of the retailer’s stock valued at $57,994,000 after purchasing an additional 53,306 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.6 %

Shares of NYSE:WMT opened at $90.96 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market cap of $731.16 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 4.29 and a beta of 0.51. The company has a 50 day moving average of $82.12 and a 200-day moving average of $73.94. Walmart Inc. has a one year low of $49.85 and a one year high of $90.96.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on WMT. Wells Fargo & Company lifted their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Jefferies Financial Group upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart 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.