GSA Capital Partners LLP grew its position in shares of Walmart Inc (NYSE:WMT) by 212.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,224 shares of the retailer’s stock after purchasing an additional 20,551 shares during the quarter. GSA Capital Partners LLP’s holdings in Walmart were worth $2,838,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in Walmart during the 2nd quarter worth approximately $1,761,000. Bridgewater Associates LP bought a new position in Walmart during the 2nd quarter worth approximately $14,408,000. Sound Income Strategies LLC raised its holdings in Walmart by 31.2% during the 3rd quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock worth $1,511,000 after purchasing an additional 3,825 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $265,661,000. Finally, Capital Wealth Planning LLC grew its position in shares of Walmart by 40.2% during the 2nd quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock worth $2,831,000 after buying an additional 9,475 shares during the period. Hedge funds and other institutional investors own 29.18% of the company’s stock.
NYSE WMT opened at $93.19 on Friday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. The firm has a market capitalization of $283.83 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.91 and a beta of 0.32.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The business had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. On average, sell-side analysts expect that Walmart Inc will post 4.81 earnings per share for the current year.
In other Walmart news, insider John R. Furner sold 9,623 shares of the firm’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.04, for a total transaction of $904,946.92. Following the transaction, the insider now directly owns 165,402 shares in the company, valued at approximately $15,554,404.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 600,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $96.92, for a total value of $58,152,000.00. Following the transaction, the director now owns 3,347,254 shares in the company, valued at $324,415,857.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,891,107 shares of company stock worth $1,236,447,886. Company insiders own 51.11% of the company’s stock.
Several brokerages have recently commented on WMT. Morningstar set a $96.00 price objective on shares of Walmart and gave the stock a “sell” rating in a research report on Thursday, November 8th. Credit Suisse Group set a $103.00 price objective on shares of Walmart and gave the stock a “hold” rating in a research report on Thursday, November 15th. Cowen raised their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walmart in a research report on Thursday, August 16th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Walmart in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walmart presently has a consensus rating of “Hold” and an average price target of $104.04.
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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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