Walmart Inc. (NYSE:WMT) Shares Bought by Cowa LLC

Cowa LLC increased its stake in Walmart Inc. (NYSE:WMTGet Rating) by 10.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,075 shares of the retailer’s stock after purchasing an additional 494 shares during the period. Cowa LLC’s holdings in Walmart were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Candriam S.C.A. increased its holdings in Walmart by 398.9% in the 2nd quarter. Candriam S.C.A. now owns 63,636 shares of the retailer’s stock worth $7,736,000 after acquiring an additional 50,880 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Walmart during the 2nd quarter worth $5,302,000. Windward Capital Management Co. CA boosted its position in shares of Walmart by 0.7% during the 3rd quarter. Windward Capital Management Co. CA now owns 28,022 shares of the retailer’s stock valued at $3,634,000 after acquiring an additional 201 shares during the last quarter. Meritage Portfolio Management boosted its position in shares of Walmart by 35.2% during the 3rd quarter. Meritage Portfolio Management now owns 20,160 shares of the retailer’s stock valued at $2,615,000 after acquiring an additional 5,253 shares during the last quarter. Finally, Norris Perne & French LLP MI boosted its position in shares of Walmart by 6.9% during the 3rd quarter. Norris Perne & French LLP MI now owns 2,989 shares of the retailer’s stock valued at $388,000 after acquiring an additional 194 shares during the last quarter. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock opened at $143.02 on Wednesday. The firm has a market capitalization of $385.70 billion, a P/E ratio of 44.14, a P/E/G ratio of 4.27 and a beta of 0.54. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company has a quick ratio of 0.23, a current ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $146.42 and its two-hundred day moving average is $138.27.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, beating the consensus estimate of $1.32 by $0.18. The company had revenue of $152.80 billion for the quarter, compared to analyst estimates of $146.80 billion. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share. Research analysts forecast that Walmart Inc. will post 6.08 EPS for the current fiscal year.

Walmart announced that its Board of Directors has authorized a stock buyback program on Tuesday, November 15th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the retailer to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,124,627 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $148.05, for a total value of $314,551,027.35. Following the completion of the sale, the insider now directly owns 278,647,135 shares of the company’s stock, valued at $41,253,708,336.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,124,627 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $148.05, for a total value of $314,551,027.35. Following the completion of the sale, the insider now directly owns 278,647,135 shares of the company’s stock, valued at $41,253,708,336.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 4,375 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $140.94, for a total value of $616,612.50. Following the completion of the sale, the executive vice president now directly owns 263,809 shares of the company’s stock, valued at $37,181,240.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,831,902 shares of company stock valued at $1,312,822,421. 47.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMT shares. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Wednesday, October 5th. Atlantic Securities boosted their price target on shares of Walmart from $150.00 to $165.00 in a research report on Thursday, December 1st. KeyCorp upped their target price on shares of Walmart from $155.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, November 16th. Oppenheimer set a $165.00 target price on shares of Walmart in a research report on Thursday, November 17th. Finally, StockNews.com initiated coverage on shares of Walmart in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $160.42.

Walmart Profile

(Get Rating)

Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Further Reading

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.