Catalina Capital Group LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Catalina Capital Group LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 14.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,106 shares of the retailer’s stock after purchasing an additional 2,441 shares during the quarter. Catalina Capital Group LLC’s holdings in Walmart were worth $1,543,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new stake in shares of Walmart in the 3rd quarter valued at $33,000. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Finally, Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. TD Cowen raised their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Guggenheim raised their target price on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, KeyCorp upped their price target on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus price target of $83.89.

Walmart Price Performance

Shares of NYSE WMT opened at $83.69 on Wednesday. The stock has a market capitalization of $672.72 billion, a P/E ratio of 43.51, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s 50-day moving average is $80.08 and its 200 day moving average is $71.58. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.77.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. 45.58% of the stock is owned by company insiders.

About Walmart

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.