Hexagon Capital Partners LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 0.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 756,931 shares of the retailer’s stock after selling 448 shares during the quarter. Walmart comprises approximately 29.8% of Hexagon Capital Partners LLC’s holdings, making the stock its biggest position. Hexagon Capital Partners LLC’s holdings in Walmart were worth $112,722,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Baltimore Washington Financial Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $286,000. Gibson Wealth Advisors LLC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $29,000. Level Financial Advisors Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $35,000. James Reed Financial Services Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $35,000. Finally, Concorde Financial Corp acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. 30.79% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price objective on Walmart from $155.00 to $150.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. Evercore ISI lowered their price target on shares of Walmart from $140.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, May 18th. Credit Suisse Group cut their price objective on shares of Walmart to $155.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Royal Bank of Canada set a $153.00 target price on shares of Walmart in a report on Monday, June 6th. Finally, Raymond James cut their price target on Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.56.
NYSE WMT opened at $120.69 on Thursday. The firm’s fifty day moving average price is $137.13 and its two-hundred day moving average price is $140.46. The stock has a market cap of $330.83 billion, a PE ratio of 25.95, a PEG ratio of 3.36 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.86. Walmart Inc. has a fifty-two week low of $117.27 and a fifty-two week high of $160.77.
Walmart (NYSE:WMT – Get Rating) last released its quarterly earnings data on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.18). Walmart had a net margin of 2.26% and a return on equity of 19.05%. The firm had revenue of $141.60 billion for the quarter, compared to analyst estimates of $138.05 billion. During the same period last year, the business earned $1.69 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 6.4 earnings per share for the current fiscal year.
About Walmart (Get Rating)
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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