Canton Hathaway LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Canton Hathaway LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 37.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,672 shares of the retailer’s stock after acquiring an additional 730 shares during the quarter. Canton Hathaway LLC’s holdings in Walmart were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WMT. BlackRock Inc. lifted its stake in Walmart by 2.5% in the second quarter. BlackRock Inc. now owns 90,061,853 shares of the retailer’s stock worth $12,700,522,000 after acquiring an additional 2,205,438 shares during the period. Franklin Resources Inc. raised its holdings in Walmart by 38.0% in the second quarter. Franklin Resources Inc. now owns 7,585,684 shares of the retailer’s stock worth $1,069,734,000 after purchasing an additional 2,087,795 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Walmart by 511.9% in the second quarter. Renaissance Technologies LLC now owns 2,179,600 shares of the retailer’s stock worth $307,367,000 after purchasing an additional 1,823,400 shares in the last quarter. Bridgewater Associates LP raised its holdings in Walmart by 45.4% in the second quarter. Bridgewater Associates LP now owns 5,222,576 shares of the retailer’s stock worth $736,488,000 after purchasing an additional 1,631,636 shares in the last quarter. Finally, Prospera Financial Services Inc raised its holdings in Walmart by 2,476.2% in the second quarter. Prospera Financial Services Inc now owns 1,612,762 shares of the retailer’s stock worth $7,697,000 after purchasing an additional 1,550,160 shares in the last quarter. 30.38% of the stock is owned by institutional investors.

In other news, major shareholder Jim C. Walton sold 307,927 shares of the stock in a transaction that occurred on Monday, September 20th. The stock was sold at an average price of $142.51, for a total transaction of $43,882,676.77. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, September 9th. The shares were sold at an average price of $146.46, for a total value of $146,460,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,053,929 shares of company stock worth $741,184,102. Insiders own 48.44% of the company’s stock.

WMT has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating on shares of Walmart in a report on Wednesday, August 18th. Wells Fargo & Company upgraded shares of Walmart from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $165.00 in a report on Thursday, August 5th. Credit Suisse Group initiated coverage on shares of Walmart in a report on Friday, November 19th. They issued an “outperform” rating and a $166.00 target price for the company. Barclays upped their price objective on shares of Walmart from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, August 18th. Finally, Evercore ISI restated a “hold” rating on shares of Walmart in a report on Thursday, August 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Buy” and an average price target of $170.20.

NYSE WMT traded up $0.73 during trading hours on Thursday, reaching $146.54. The stock had a trading volume of 6,025,136 shares, compared to its average volume of 8,017,379. The stock has a fifty day moving average of $144.23 and a 200 day moving average of $143.33. The stock has a market cap of $408.63 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 4.28 and a beta of 0.50. Walmart Inc. has a 52-week low of $126.28 and a 52-week high of $153.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.96.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 16th. The retailer reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.06. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The firm had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Walmart’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 6.31 EPS for the current year.

Walmart Profile

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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