Optimal Asset Management Inc. lifted its stake in Walmart Inc. (NYSE:WMT) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,001 shares of the retailer’s stock after buying an additional 145 shares during the period. Walmart makes up 1.4% of Optimal Asset Management Inc.’s portfolio, making the stock its biggest position. Optimal Asset Management Inc.’s holdings in Walmart were worth $11,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Beacon Pointe Advisors LLC boosted its holdings in Walmart by 109.9% in the second quarter. Beacon Pointe Advisors LLC now owns 54,603 shares of the retailer’s stock valued at $7,700,000 after purchasing an additional 28,585 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in Walmart by 8.0% in the second quarter. Stonebridge Capital Advisors LLC now owns 67,486 shares of the retailer’s stock valued at $9,517,000 after purchasing an additional 4,984 shares during the last quarter. Boston Research & Management Inc. boosted its holdings in Walmart by 2.3% in the third quarter. Boston Research & Management Inc. now owns 47,208 shares of the retailer’s stock valued at $6,579,000 after purchasing an additional 1,060 shares during the last quarter. Buckingham Strategic Wealth LLC boosted its holdings in Walmart by 15.0% in the third quarter. Buckingham Strategic Wealth LLC now owns 38,861 shares of the retailer’s stock valued at $5,416,000 after purchasing an additional 5,069 shares during the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in Walmart by 31.3% in the third quarter. Stratos Wealth Advisors LLC now owns 26,060 shares of the retailer’s stock valued at $3,632,000 after purchasing an additional 6,218 shares during the last quarter. 30.87% of the stock is owned by institutional investors.
A number of research analysts recently commented on WMT shares. Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $185.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. The Goldman Sachs Group increased their target price on Walmart from $184.00 to $196.00 and gave the stock a “buy” rating in a report on Tuesday, October 19th. Stifel Nicolaus reduced their target price on Walmart from $160.00 to $155.00 and set a “hold” rating on the stock in a report on Tuesday, November 16th. Truist Financial assumed coverage on Walmart in a report on Thursday, January 13th. They set a “hold” rating and a $153.00 target price on the stock. Finally, MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $156.00 to $166.00 in a report on Friday, November 19th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $170.65.
WMT opened at $137.96 on Tuesday. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $152.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.95 and a quick ratio of 0.29. The stock has a market cap of $382.68 billion, a P/E ratio of 48.24, a P/E/G ratio of 3.90 and a beta of 0.51. The stock’s 50 day moving average price is $141.08 and its 200 day moving average price is $143.82.
Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Walmart had a return on equity of 20.30% and a net margin of 1.40%. The firm had revenue of $140.50 billion for the quarter, compared to analysts’ expectations of $134.26 billion. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 6.41 EPS for the current year.
In other news, major shareholder Alice L. Walton sold 621,996 shares of the firm’s stock in a transaction on Tuesday, November 30th. The stock was sold at an average price of $141.03, for a total transaction of $87,720,095.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $146.78, for a total value of $1,424,940.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,104,124 shares of company stock worth $1,132,904,555. 48.44% of the stock is owned by insiders.
Walmart Profile
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.
See Also
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