Newfound Research LLC Invests $58,000 in Walmart Inc. (NYSE:WMT)

Newfound Research LLC bought a new position in Walmart Inc. (NYSE:WMT) during the third quarter, Holdings Channel reports. The firm bought 413 shares of the retailer’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paragon Wealth Strategies LLC purchased a new stake in shares of Walmart in the second quarter worth about $31,000. Atlantic Trust LLC purchased a new position in Walmart during the second quarter worth approximately $40,000. Freedman Financial Associates Inc. raised its holdings in shares of Walmart by 40.0% during the second quarter. Freedman Financial Associates Inc. now owns 350 shares of the retailer’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Walmart in the second quarter valued at approximately $52,000. Finally, Financial Insights Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

In other news, major shareholder Alice L. Walton sold 363,513 shares of the stock in a transaction dated Friday, August 27th. The shares were sold at an average price of $146.63, for a total transaction of $53,301,911.19. Following the transaction, the insider now owns 10,507,124 shares of the company’s stock, valued at $1,540,659,592.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 754,655 shares of the stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $148.45, for a total transaction of $112,028,534.75. Following the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $1,001,826,701. The disclosure for this sale can be found here. Insiders have sold 5,053,929 shares of company stock worth $741,184,102 in the last ninety days. Corporate insiders own 48.44% of the company’s stock.

NYSE WMT traded up $0.73 during trading hours on Thursday, hitting $146.54. The company had a trading volume of 6,025,136 shares, compared to its average volume of 8,017,379. Walmart Inc. has a fifty-two week low of $126.28 and a fifty-two week high of $153.66. The company has a market capitalization of $408.63 billion, a price-to-earnings ratio of 41.28, a P/E/G ratio of 4.28 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The firm’s 50 day moving average is $144.23 and its 200 day moving average is $143.33.

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

A number of research firms recently issued reports on WMT. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating and set a $158.00 target price for the company. in a report on Wednesday, August 18th. MKM Partners raised Walmart from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $156.00 to $166.00 in a report on Friday, November 19th. Evercore ISI reaffirmed a “hold” rating on shares of Walmart in a report on Thursday, August 19th. Barclays lifted their price target on Walmart from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, August 18th. Finally, Cowen lifted their price target on Walmart from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $170.20.

Walmart Company 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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