Adell Harriman & Carpenter Inc. Boosts Position in Walmart Inc. (NYSE:WMT)

Adell Harriman & Carpenter Inc. lifted its position in Walmart Inc. (NYSE:WMT) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 150,629 shares of the retailer’s stock after purchasing an additional 12,384 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Walmart were worth $12,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hoese & Co LLP acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $33,000. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter valued at $29,000. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of WMT opened at $81.72 on Wednesday. The company has a market capitalization of $656.89 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm has a 50-day simple moving average of $79.42 and a 200-day simple moving average of $70.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,784,857. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WMT shares. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group lifted their target price on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Finally, Telsey Advisory Group lifted their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.83.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.