Bowling Portfolio Management LLC Buys 16,659 Shares of Walmart Inc. (NYSE:WMT)

Bowling Portfolio Management LLC raised its stake in Walmart Inc. (NYSE:WMT) by 494.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,025 shares of the retailer’s stock after purchasing an additional 16,659 shares during the period. Bowling Portfolio Management LLC’s holdings in Walmart were worth $2,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Somerset Trust Co increased its stake in Walmart by 2.3% in the third quarter. Somerset Trust Co now owns 24,255 shares of the retailer’s stock valued at $3,393,000 after purchasing an additional 553 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Walmart by 0.5% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 29,700 shares of the retailer’s stock valued at $4,155,000 after buying an additional 140 shares during the last quarter. FormulaFolio Investments LLC grew its holdings in shares of Walmart by 20.3% during the third quarter. FormulaFolio Investments LLC now owns 54,476 shares of the retailer’s stock valued at $7,622,000 after buying an additional 9,198 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its holdings in shares of Walmart by 4.7% during the third quarter. Acorn Financial Advisory Services Inc. ADV now owns 3,337 shares of the retailer’s stock valued at $467,000 after buying an additional 150 shares during the last quarter. Finally, Retirement Planning Group grew its holdings in shares of Walmart by 157.5% during the third quarter. Retirement Planning Group now owns 4,522 shares of the retailer’s stock valued at $633,000 after buying an additional 2,766 shares during the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.

NYSE WMT opened at $144.71 on Friday. The company’s 50 day moving average is $139.94 and its 200-day moving average is $129.14. Walmart Inc. has a 12-month low of $102.00 and a 12-month high of $151.33. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The firm has a market cap of $410.07 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The company had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts expect that Walmart Inc. will post 5.28 EPS for the current year.

WMT has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Robert W. Baird lifted their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Cfra restated a “buy” rating and set a $145.00 price target on shares of Walmart in a report on Thursday, July 16th. Finally, Guggenheim boosted their price target on shares of Walmart from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $141.46.

In related news, SVP David Chojnowski sold 4,605 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total transaction of $618,175.20. Following the sale, the senior vice president now owns 30,620 shares of the company’s stock, valued at approximately $4,110,428.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the sale, the executive vice president now directly owns 1,610,399 shares in the company, valued at approximately $232,783,175.45. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,690 shares of company stock worth $138,850,587 in the last ninety days. 50.43% of the stock is currently owned by insiders.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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