Mairs & Power Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,251 shares of the retailer’s stock after selling 112 shares during the period. Mairs & Power Inc.’s holdings in Walmart were worth $732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Guidance Point Advisors LLC acquired a new position in Walmart in the third quarter valued at $30,000. Mizuho Securities Co. Ltd. boosted its stake in shares of Walmart by 360.0% during the third quarter. Mizuho Securities Co. Ltd. now owns 253 shares of the retailer’s stock worth $35,000 after buying an additional 198 shares during the period. Spectrum Management Group LLC boosted its stake in shares of Walmart by 64.2% during the third quarter. Spectrum Management Group LLC now owns 312 shares of the retailer’s stock worth $43,000 after buying an additional 122 shares during the period. Macroview Investment Management LLC boosted its stake in shares of Walmart by 513.5% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the retailer’s stock worth $44,000 after buying an additional 267 shares during the period. Finally, Clearstead Trust LLC boosted its stake in shares of Walmart by 31.3% during the third quarter. Clearstead Trust LLC now owns 373 shares of the retailer’s stock worth $52,000 after buying an additional 89 shares during the period. Institutional investors own 30.87% of the company’s stock.
In other Walmart news, Director S Robson Walton sold 93,747 shares of the business’s stock in a transaction on Thursday, December 23rd. The shares were sold at an average price of $140.02, for a total value of $13,126,454.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction on Wednesday, November 24th. The stock was sold at an average price of $146.78, for a total transaction of $1,424,940.24. The disclosure for this sale can be found here. Insiders have sold a total of 8,104,124 shares of company stock worth $1,132,904,555 in the last 90 days. Company insiders own 48.44% of the company’s stock.
NYSE:WMT opened at $136.08 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.29 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $377.47 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 3.90 and a beta of 0.51. The firm’s fifty day simple moving average is $141.05 and its 200 day simple moving average is $143.70. Walmart Inc. has a twelve month low of $126.28 and a twelve month high of $152.57.
Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The business had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. Walmart had a net margin of 1.40% and a return on equity of 20.30%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. On average, analysts predict that Walmart Inc. will post 6.41 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, November 10th. BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price for the company in a research note on Friday. UBS Group set a $180.00 price objective on shares of Walmart in a research report on Tuesday. The Goldman Sachs Group raised their price objective on shares of Walmart from $184.00 to $196.00 and gave the company a “buy” rating in a research report on Tuesday, October 19th. Finally, Truist Financial initiated coverage on shares of Walmart in a research report on Thursday, January 13th. They issued a “hold” rating and a $153.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $169.00.
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.
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