Clear Perspective Advisors LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,020 shares of the retailer’s stock, valued at approximately $426,000.
A number of other large investors also recently modified their holdings of WMT. Colonial River Wealth Management LLC raised its stake in shares of Walmart by 4.5% during the 2nd quarter. Colonial River Wealth Management LLC now owns 5,647 shares of the retailer’s stock worth $796,000 after purchasing an additional 244 shares during the period. Laurion Capital Management LP bought a new stake in shares of Walmart during the 2nd quarter worth $1,015,000. Cherry Creek Investment Advisors Inc. bought a new stake in shares of Walmart during the 2nd quarter worth $1,461,000. Seeyond raised its stake in shares of Walmart by 8.7% during the 2nd quarter. Seeyond now owns 93,790 shares of the retailer’s stock worth $13,226,000 after purchasing an additional 7,472 shares during the period. Finally, Permanens Capital L.P. raised its stake in shares of Walmart by 42.0% during the 2nd quarter. Permanens Capital L.P. now owns 57,796 shares of the retailer’s stock worth $8,150,000 after purchasing an additional 17,092 shares during the period. Institutional investors and hedge funds own 30.22% of the company’s stock.
Several equities research analysts recently weighed in on WMT shares. Barclays lifted their price objective on Walmart from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, August 18th. Tigress Financial reissued a “hold” rating and issued a $170.00 price objective on shares of Walmart in a report on Friday, August 27th. DA Davidson reissued a “buy” rating on shares of Walmart in a report on Wednesday, August 18th. Robert W. Baird lifted their price objective on Walmart from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 17th. Finally, MKM Partners lifted their price objective on Walmart from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $169.84.
WMT stock traded up $0.97 during midday trading on Thursday, hitting $139.34. The company had a trading volume of 115,955 shares, compared to its average volume of 8,142,436. The company has a current ratio of 0.96, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. Walmart Inc. has a 52 week low of $126.28 and a 52 week high of $153.66. The stock’s 50 day moving average price is $144.99 and its 200 day moving average price is $141.76. The stock has a market cap of $388.55 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 4.21 and a beta of 0.47.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.21. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The firm had revenue of $141 billion during the quarter, compared to the consensus estimate of $136.07 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Analysts predict that Walmart Inc. will post 6.3 earnings per share for the current year.
Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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