Hanseatic Management Services Inc. Takes Position in Walmart Inc. (NYSE:WMT)

Hanseatic Management Services Inc. purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 894 shares of the retailer’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. WFA Asset Management Corp boosted its stake in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the last quarter. Dupont Capital Management Corp lifted its position in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after acquiring an additional 168,346 shares in the last quarter. BNP Paribas purchased a new position in Walmart in the 1st quarter worth approximately $26,063,000. Montgomery Investment Management Inc. boosted its stake in shares of Walmart by 279.9% during the first quarter. Montgomery Investment Management Inc. now owns 11,413 shares of the retailer’s stock valued at $687,000 after purchasing an additional 8,409 shares during the period. Finally, St. Louis Trust Co boosted its position in Walmart by 268.2% during the 1st quarter. St. Louis Trust Co now owns 18,411 shares of the retailer’s stock valued at $1,108,000 after buying an additional 13,411 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.3 %

Shares of WMT stock opened at $83.44 on Thursday. The company has a market capitalization of $670.71 billion, a P/E ratio of 43.46, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $80.22 and its two-hundred day moving average is $71.67. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. Equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. The Goldman Sachs Group upped their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus raised their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $83.89.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.