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.
A number of brokerages have recently weighed in on WMT. 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. 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. BMO Capital Markets lifted their price objective on Walmart from $160.00 to $175.00 in a research report on Wednesday, November 18th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $157.50 price objective on the stock in a research report on Friday, October 2nd. Finally, 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. 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.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Monday, November 16th. The retailer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.16. The business had revenue of $134.71 billion during the quarter, compared to analysts’ expectations of $133 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. During the same quarter in the prior year, the business posted $1.16 earnings per share. Equities analysts anticipate that Walmart Inc. will post 5.35 EPS for the current fiscal year.
In other news, major shareholder Jim C. Walton sold 260,000 shares of the company’s stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $150.41, for a total value of $39,106,600.00. Also, Director S Robson Walton sold 1,588,645 shares of the company’s stock in a transaction dated Wednesday, December 30th. The stock was sold at an average price of $144.23, for a total value of $229,130,268.35. Following the completion of the transaction, the director now directly owns 3,215,991 shares of the company’s stock, valued at approximately $463,842,381.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,390,000 shares of company stock valued at $1,376,288,395. Corporate 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.
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