Sanders Morris Harris LLC Makes New Investment in Walmart Inc (NYSE:WMT)

Sanders Morris Harris LLC acquired a new position in Walmart Inc (NYSE:WMT) in the second quarter, HoldingsChannel.com reports. The fund acquired 3,500 shares of the retailer’s stock, valued at approximately $419,000.

Several other institutional investors have also recently modified their holdings of WMT. Orser Capital Management LLC raised its position in shares of Walmart by 13.2% in the fourth quarter. Orser Capital Management LLC now owns 2,400 shares of the retailer’s stock worth $287,000 after acquiring an additional 280 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of Walmart in the fourth quarter worth about $196,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Walmart by 2.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,275 shares of the retailer’s stock worth $15,244,000 after acquiring an additional 2,600 shares during the period. Financial Advocates Investment Management raised its position in shares of Walmart by 10.4% in the fourth quarter. Financial Advocates Investment Management now owns 9,177 shares of the retailer’s stock worth $1,091,000 after acquiring an additional 865 shares during the period. Finally, PSI Advisors LLC acquired a new position in shares of Walmart in the fourth quarter worth about $360,000. Institutional investors and hedge funds own 29.97% of the company’s stock.

Shares of Walmart stock traded up $1.95 during mid-day trading on Thursday, hitting $126.40. The stock had a trading volume of 3,025,142 shares, compared to its average volume of 8,960,479. The firm has a 50-day moving average of $121.27 and a two-hundred day moving average of $119.39. Walmart Inc has a 12-month low of $102.00 and a 12-month high of $133.38. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The firm has a market cap of $352.63 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 4.86 and a beta of 0.28.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $134.62 billion during the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. Sell-side analysts expect that Walmart Inc will post 4.93 earnings per share for the current year.

Several research analysts recently weighed in on the stock. Credit Suisse Group upped their price target on shares of Walmart from $127.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Odeon Capital Group downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a research report on Monday, May 4th. BMO Capital Markets restated a “buy” rating and set a $140.00 price target on shares of Walmart in a research report on Tuesday, May 19th. Finally, Raymond James upped their price target on shares of Walmart from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $132.45.

In related news, EVP Kathryn J. Mclay sold 7,324 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the transaction, the executive vice president now owns 51,526 shares of the company’s stock, valued at approximately $6,492,276. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $123.05, for a total transaction of $10,459,250.00. Following the transaction, the executive vice president now directly owns 2,272,996 shares of the company’s stock, valued at approximately $279,692,157.80. The disclosure for this sale can be found here. Insiders have sold a total of 262,324 shares of company stock valued at $32,581,924 in the last ninety days. 50.43% of the stock is currently owned by corporate insiders.

Walmart Profile

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.

Featured Story: Depreciation

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.