Investment House LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,989 shares of the retailer’s stock after buying an additional 180 shares during the period. Investment House LLC’s holdings in Walmart were worth $1,584,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of WMT. Principal Financial Group Inc. increased its stake in Walmart by 9.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,423,421 shares of the retailer’s stock worth $290,277,000 after purchasing an additional 209,933 shares during the period. WFA of San Diego LLC purchased a new position in Walmart in the 2nd quarter worth approximately $280,000. Staley Capital Advisers Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $220,000. Laidlaw Wealth Management LLC increased its stake in Walmart by 26.7% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 3,086 shares of the retailer’s stock worth $370,000 after purchasing an additional 650 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in Walmart by 26.2% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 7,836 shares of the retailer’s stock worth $939,000 after purchasing an additional 1,625 shares during the period. Hedge funds and other institutional investors own 29.34% of the company’s stock.
Walmart stock traded down $1.52 during mid-day trading on Wednesday, reaching $147.45. 5,346,759 shares of the stock traded hands, compared to its average volume of 7,973,982. The stock has a market capitalization of $417.18 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. Walmart Inc. has a 12-month low of $102.00 and a 12-month high of $153.66. The business’s 50-day moving average is $147.08 and its 200-day moving average is $139.46.
A number of equities analysts have commented on the company. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $157.50 price target on the stock in a research note on Friday, October 2nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Walmart from $155.00 to $172.00 in a research report on Wednesday, November 18th. Jefferies Financial Group lifted their price objective on Walmart from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, November 12th. Robert W. Baird lifted their price objective on Walmart from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 17th. Finally, Telsey Advisory Group lifted their price objective on Walmart from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, November 13th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-eight have issued a buy rating to the company. Walmart has an average rating of “Buy” and an average target price of $150.82.
In other Walmart news, Director S Robson Walton sold 1,588,645 shares of the firm’s stock in a transaction on Wednesday, December 30th. The stock was sold at an average price of $144.23, for a total transaction of $229,130,268.35. Following the transaction, the director now directly owns 3,215,991 shares in the company, valued at approximately $463,842,381.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judith J. Mckenna sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $150.49, for a total value of $1,504,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,390,000 shares of company stock worth $1,376,288,395. Company insiders own 50.43% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Read More: Special Dividends
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).
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.