Walmart Inc. (NYSE:WMT) Stock Position Lifted by Ingalls & Snyder LLC

Ingalls & Snyder LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 65,324 shares of the retailer’s stock after acquiring an additional 630 shares during the quarter. Ingalls & Snyder LLC’s holdings in Walmart were worth $5,275,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WMT. Apella Capital LLC increased its stake in shares of Walmart by 6.6% during the 2nd quarter. Apella Capital LLC now owns 7,190 shares of the retailer’s stock worth $503,000 after purchasing an additional 447 shares during the last quarter. M. Kraus & Co lifted its holdings in Walmart by 2.5% in the 2nd quarter. M. Kraus & Co now owns 6,168 shares of the retailer’s stock worth $418,000 after purchasing an additional 150 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in Walmart by 12.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 30,175 shares of the retailer’s stock valued at $2,043,000 after purchasing an additional 3,448 shares during the last quarter. NBC Securities Inc. raised its position in shares of Walmart by 3.7% in the second quarter. NBC Securities Inc. now owns 113,246 shares of the retailer’s stock valued at $7,667,000 after purchasing an additional 4,036 shares during the period. Finally, Cumberland Advisors Inc. acquired a new stake in shares of Walmart in the second quarter worth $203,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,673,023 shares of company stock valued at $753,365,984. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Evercore ISI lifted their price target on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. The Goldman Sachs Group raised their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Up 0.2 %

Shares of Walmart stock traded up $0.18 during trading on Tuesday, hitting $92.82. 2,154,202 shares of the company were exchanged, compared to its average volume of 16,815,598. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market capitalization of $746.11 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 4.39 and a beta of 0.54. The firm’s fifty day moving average price is $83.35 and its 200 day moving average price is $75.04. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $93.15.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

About Walmart

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.