Kavar Capital Partners LLC Grows Position in Walmart Inc. (NYSE:WMT)


Share on StockTwits

Kavar Capital Partners LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 122.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,540 shares of the retailer’s stock after buying an additional 7,450 shares during the quarter. Kavar Capital Partners LLC’s holdings in Walmart were worth $1,894,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WMT. Evolution Wealth Advisors LLC boosted its holdings in shares of Walmart by 640.6% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in Walmart in the third quarter worth approximately $28,000. Lipe & Dalton purchased a new stake in Walmart in the third quarter worth approximately $31,000. Atlantic Trust LLC boosted its holdings in Walmart by 42.0% in the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in Walmart by 57.6% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock worth $36,000 after purchasing an additional 95 shares during the period. 29.34% of the stock is owned by institutional investors and hedge funds.

Walmart stock traded down $1.88 during midday trading on Friday, reaching $150.24. 7,320,855 shares of the stock traded hands, compared to its average volume of 9,253,968. The stock has a market cap of $425.74 billion, a P/E ratio of 23.96, a PEG ratio of 4.86 and a beta of 0.27. The stock’s fifty day moving average is $144.08 and its 200-day moving average is $132.71. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12 month low of $102.00 and a 12 month high of $153.40.

Walmart (NYSE:WMT) last posted its earnings results on Monday, November 16th. The retailer reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.16. Walmart had a return on equity of 19.13% and a net margin of 3.30%. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, equities analysts predict that Walmart Inc. will post 5.35 EPS for the current fiscal year.

In other news, EVP Judith J. Mckenna sold 10,000 shares of Walmart stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $150.49, for a total value of $1,504,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 450,000 shares of the business’s stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $150.95, for a total value of $67,927,500.00. Following the transaction, the director now directly owns 3,280,991 shares in the company, valued at approximately $495,265,591.45. The disclosure for this sale can be found here. Insiders sold a total of 1,382,085 shares of company stock valued at $196,681,112 over the last three months. Corporate insiders own 50.43% of the company’s stock.

WMT has been the topic of a number of research reports. Jefferies Financial Group raised their price target on Walmart from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 12th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Tuesday, September 15th. Stifel Nicolaus upped their price target on shares of Walmart from $130.00 to $150.00 and gave the company a “fair value” rating in a research report on Wednesday. They noted that the move was a valuation call. Guggenheim boosted their target price on shares of Walmart from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, MKM Partners increased their price target on shares of Walmart from $147.00 to $155.00 in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $150.29.

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.

Recommended Story: Commodities

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.