Garrison Asset Management LLC Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Garrison Asset Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,308 shares of the retailer’s stock after purchasing an additional 145 shares during the quarter. Garrison Asset Management LLC’s holdings in Walmart were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. EntryPoint Capital LLC bought a new position in Walmart in the first quarter worth approximately $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in Walmart during the second quarter valued at about $29,000. FSA Wealth Management LLC raised its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. raised its stake in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after buying an additional 344 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WMT shares. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Robert W. Baird raised their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, KeyCorp upped their price objective on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus target price of $83.89.

Walmart Trading Up 0.6 %

Walmart stock traded up $0.48 during midday trading on Monday, reaching $82.67. The stock had a trading volume of 1,246,529 shares, compared to its average volume of 16,771,777. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a fifty day moving average of $79.80 and a 200 day moving average of $71.25. The firm has a market cap of $664.52 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

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

About Walmart

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.