Chicago Partners Investment Group LLC grew its holdings in Walmart Inc. (NYSE:WMT – Get Rating) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,840 shares of the retailer’s stock after acquiring an additional 251 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Walmart were worth $715,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Rafferty Asset Management LLC lifted its position in Walmart by 4.3% in the fourth quarter. Rafferty Asset Management LLC now owns 6,844 shares of the retailer’s stock worth $990,000 after purchasing an additional 284 shares during the period. Equitable Holdings Inc. lifted its position in Walmart by 11.7% in the fourth quarter. Equitable Holdings Inc. now owns 19,537 shares of the retailer’s stock worth $2,827,000 after purchasing an additional 2,054 shares during the period. MAI Capital Management lifted its position in Walmart by 2.6% in the fourth quarter. MAI Capital Management now owns 83,144 shares of the retailer’s stock worth $12,030,000 after purchasing an additional 2,117 shares during the period. Advisor Resource Council bought a new position in Walmart in the fourth quarter worth $1,096,000. Finally, Ensign Peak Advisors Inc lifted its position in Walmart by 11.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,108,300 shares of the retailer’s stock worth $305,049,000 after purchasing an additional 224,531 shares during the period. 31.26% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. KeyCorp assumed coverage on Walmart in a research report on Wednesday. They issued an “overweight” rating and a $155.00 target price for the company. BMO Capital Markets cut their price objective on Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. The Goldman Sachs Group lifted their price objective on Walmart from $135.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Piper Sandler assumed coverage on Walmart in a report on Wednesday, August 3rd. They set a “neutral” rating and a $135.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on Walmart from $145.00 to $149.00 and gave the company a “hold” rating in a research note on Wednesday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $151.41.
Insider Buying and Selling at Walmart
Walmart Trading Down 0.2 %
NYSE:WMT opened at $134.92 on Thursday. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.24. The stock has a market capitalization of $366.21 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 4.20 and a beta of 0.52. The business’s 50-day simple moving average is $131.44 and its 200-day simple moving average is $136.33.
Walmart (NYSE:WMT – Get Rating) last released its quarterly earnings data on Tuesday, August 16th. The retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a return on equity of 18.95% and a net margin of 2.36%. The business had revenue of $152.86 billion for the quarter, compared to analysts’ expectations of $149.96 billion. During the same quarter in the previous year, the business posted $1.78 EPS. Walmart’s revenue for the quarter was up 8.4% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.
Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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