Rather & Kittrell Inc. Has $860,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Rather & Kittrell Inc. increased its holdings in Walmart Inc. (NYSE:WMT) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,654 shares of the retailer’s stock after purchasing an additional 1,902 shares during the period. Rather & Kittrell Inc.’s holdings in Walmart were worth $860,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in WMT. WFA Asset Management Corp grew its stake in Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the last quarter. Dupont Capital Management Corp grew its stake in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after purchasing an additional 168,346 shares during the last quarter. AA Financial Advisors LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $572,000. Wellington Shields & Co. LLC grew its stake in shares of Walmart by 200.1% during the first quarter. Wellington Shields & Co. LLC now owns 32,284 shares of the retailer’s stock valued at $1,943,000 after purchasing an additional 21,527 shares during the last quarter. Finally, Easterly Investment Partners LLC grew its stake in shares of Walmart by 85.1% during the first quarter. Easterly Investment Partners LLC now owns 117,239 shares of the retailer’s stock valued at $7,054,000 after purchasing an additional 53,885 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Tigress Financial upped their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $83.92.

Walmart Stock Up 1.2 %

WMT stock opened at $84.87 on Friday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. The business’s 50 day moving average price is $80.53 and its two-hundred day moving average price is $71.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market capitalization of $682.21 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. As a group, analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.