Beck Capital Management LLC Purchases 22,177 Shares of Walmart Inc. (NYSE:WMT)

Beck Capital Management LLC boosted its holdings in Walmart Inc. (NYSE:WMT) by 31.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,649 shares of the retailer’s stock after purchasing an additional 22,177 shares during the quarter. Walmart comprises approximately 2.0% of Beck Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Beck Capital Management LLC’s holdings in Walmart were worth $7,401,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter worth about $26,000. TruNorth Capital Management LLC boosted its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter worth approximately $29,000. Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP bought a new position in shares of Walmart in the third quarter valued at approximately $33,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMT shares. Sanford C. Bernstein upped their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays upped their price objective on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,385,186 shares of company stock valued at $963,206,365 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.7 %

NYSE:WMT opened at $92.50 on Monday. The stock’s fifty day moving average price is $83.35 and its two-hundred day moving average price is $75.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $92.64. The company has a market cap of $743.54 billion, a P/E ratio of 37.96, a P/E/G ratio of 4.39 and a beta of 0.54.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.