Mercer Global Advisors ADV boosted its position in Walmart Inc. (NYSE:WMT – Free Report) by 48.6% in the 2nd quarter, according to its latest 13F filing with the SEC. The company now owns 336,534 shares of the retailer’s stock after acquiring an additional 110,078 shares during the period. Mercer Global Advisors, Inc. ADV’s holdings in Walmart were valued at $52,897,000 as of its latest SEC filing.
A number of other hedge funds and other institutional investors have also increased or decreased their stakes in WMT. PFG Private Wealth Management LLC bought a new stake in shares of Walmart in the 2nd quarter valued at approximately $28,000. Nott David M. Jr. bought a new stake in shares of Walmart in the 1st quarter valued at approximately $33,000. Market Asset Management LLC bought a new stake in shares of Walmart during the 2nd quarter valued at approximately $34,000. Union Savings Bank bought a new stake in shares of Walmart in the 2nd quarter worth about $37,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $38,000. Currently, 33.18% of the stock is held by institutional investors.
Insiders place bets
In other Walmart news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $154.06, for a total value of $154,060.00. As a result of the transaction, the executive vice president now directly owns 166,735 shares of the company’s stock, valued at $25,687,194.10. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be viewed on the SEC’s website. In other Walmart news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $154.06, for a total value of $154,060.00. As a result of the transaction, the executive vice president now directly owns 166,735 shares of the company’s stock, valued at $25,687,194.10. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be viewed on the SEC’s website. Also, Vice President John R. Furner sold 4,375 shares of Walmart stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total value of $708,750.00. As a result of the transaction, the executive vice president now directly owns 269,119 shares of the company’s stock, valued at $43,597,278. Disclosures regarding this sale can be found here. In the last three months, insiders have sold 2,990,310 shares of company stock, valued at $466,515,037. Insiders own 46.51% of the company’s shares.
Walmart stock price fell 1.0%
NYSE:WMT stock fell $1.60 on Friday to $150.86. The company’s traded shares were 11,356,487 shares and its average trading volume was 9,443,014 shares. Walmart’s 52-week low is $136.09 and 52-week high is $169.94. The company has a quick ratio of 0.23, a current ratio of 0.85, and a debt-to-equity ratio of 0.49. The stock’s 50-day simple moving average is $159.76 and its 200-day simple moving average is $158.16. The company has a market capitalization of $406.15 billion, a P/E ratio of 25.02x, a PEG ratio of 3.23x, and a beta of 0.48x.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, November 16th. The company reported earnings per share of $1.53 for the quarter, meeting the consensus estimate of $1.53. Walmart’s return on equity was 21.20% and its net profit margin was 2.55%. The company had revenue of $160.8 billion for the quarter, compared to the consensus estimate of $159.65 billion. In the same period last year, the company’s earnings per share were $1.50. The company’s revenue increased by 5.2% year-on-year. As a group, research analysts expect Walmart to post earnings per share of $6.45 for the current fiscal year.
Analyst upgrades and downgrades
Several equity research analysts have recently given their opinions on the company. Robert W. Baird upped their target price on Walmart from $165.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 17th. Telsey Advisory Group restated an “outperform” rating and set a $185.00 target price on shares of Walmart in a research report on Friday, November 17th. Goldman Sachs Group increased their target price on shares of Walmart from $176.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Stevens increased their target price on shares of Walmart from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, November 13th. Finally, Tigress Financial increased their target price on shares of Walmart from $182.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. 4 research analysts have rated the stock as a “hold” and 28 have rated it a “buy”. Walmart has an average rating of “fair buy” and an average price target of $179.44, according to MarketBeat data.
Check out the latest report on WMT.
walmart profile
(Free report)
Walmart Inc is engaged in retail, wholesale, and other segment operations throughout the world. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands. A members-only warehouse club. E-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com. and mobile commerce applications.
References
Curious if other hedge funds own WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Walmart Inc. (NYSE:WMT – Free Report).
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