Ropes Wealth Advisors LLC boosted its stake in shares of Walmart Inc (NYSE:WMT) by 4.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,205 shares of the retailer’s stock after purchasing an additional 836 shares during the quarter. Ropes Wealth Advisors LLC’s holdings in Walmart were worth $1,991,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in WMT. BlackRock Inc. boosted its position in Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after acquiring an additional 1,660,543 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Walmart by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after acquiring an additional 148,000 shares during the period. Fisher Asset Management LLC boosted its position in Walmart by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 9,931,750 shares of the retailer’s stock worth $932,691,000 after acquiring an additional 323,377 shares during the period. Bank of Montreal Can boosted its position in Walmart by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock worth $696,182,000 after acquiring an additional 117,333 shares during the period. Finally, Swiss National Bank boosted its position in Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock worth $480,473,000 after acquiring an additional 109,700 shares during the period. Institutional investors and hedge funds own 29.36% of the company’s stock.
A number of research analysts have issued reports on the company. Stifel Nicolaus reiterated a “neutral” rating and set a $95.00 price target on shares of Walmart in a research report on Friday, August 17th. Telsey Advisory Group boosted their price target on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Guggenheim reiterated a “buy” rating and set a $110.00 price target on shares of Walmart in a research report on Tuesday, October 16th. Raymond James reissued a “buy” rating and issued a $105.00 price objective on shares of Walmart in a research note on Thursday, October 18th. Finally, Cowen boosted their price objective on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Eighteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $103.16.
Shares of Walmart stock opened at $101.34 on Friday. The firm has a market cap of $300.21 billion, a PE ratio of 21.29, a P/E/G ratio of 4.19 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. Equities research analysts predict that Walmart Inc will post 4.77 EPS for the current fiscal year.
In other news, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the sale, the director now directly owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP M. Brett Biggs sold 18,421 shares of the business’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $96.14, for a total value of $1,770,994.94. Following the sale, the executive vice president now directly owns 185,557 shares in the company, valued at $17,839,449.98. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock worth $976,228,654 over the last ninety days. 51.11% of the stock is owned by insiders.
Walmart Company 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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