6 Meridian grew its stake in shares of Walmart Inc (NYSE:WMT) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,812 shares of the retailer’s stock after buying an additional 2,289 shares during the period. Walmart accounts for 2.2% of 6 Meridian’s portfolio, making the stock its 5th biggest holding. 6 Meridian’s holdings in Walmart were worth $24,696,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after purchasing an additional 920,813 shares in the last quarter. State Street Corp lifted its holdings in Walmart by 1.4% in the 3rd quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock worth $8,380,279,000 after purchasing an additional 985,538 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 6.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock worth $1,415,084,000 after purchasing an additional 721,297 shares in the last quarter. Morgan Stanley lifted its holdings in Walmart by 5.2% in the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock worth $1,262,053,000 after purchasing an additional 565,425 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Walmart by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock worth $1,295,234,000 after purchasing an additional 284,748 shares in the last quarter. 30.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on WMT. Oppenheimer boosted their price target on Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Credit Suisse Group reissued a “neutral” rating and issued a $115.00 price target (up from $105.00) on shares of Walmart in a report on Friday, November 15th. Guggenheim reissued a “buy” rating and issued a $135.00 price target (up from $125.00) on shares of Walmart in a report on Thursday, November 14th. Robert W. Baird boosted their price target on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, UBS Group boosted their price target on Walmart from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $124.22.
NYSE:WMT opened at $115.88 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.20. Walmart Inc has a 1 year low of $93.11 and a 1 year high of $125.38. The stock’s 50 day simple moving average is $118.94 and its two-hundred day simple moving average is $116.16. The company has a market cap of $330.19 billion, a price-to-earnings ratio of 23.60, 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 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The business had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc will post 4.98 EPS for the current year.
In other news, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the transaction, the executive vice president now owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $120.57, for a total value of $10,248,450.00. Following the transaction, the executive vice president now directly owns 2,808,295 shares in the company, valued at approximately $338,596,128.15. The disclosure for this sale can be found here. Insiders own 50.22% of the company’s stock.
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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