Curi RMB Capital LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Curi RMB Capital LLC lifted its position in Walmart Inc. (NYSE:WMT) by 43.2% in the third quarter, HoldingsChannel.com reports. The firm owned 24,450 shares of the retailer’s stock after purchasing an additional 7,381 shares during the quarter. Curi RMB Capital LLC’s holdings in Walmart were worth $1,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthstream Advisors Inc. increased its stake in shares of Walmart by 11.1% in the third quarter. Wealthstream Advisors Inc. now owns 3,571 shares of the retailer’s stock worth $288,000 after purchasing an additional 358 shares in the last quarter. KBC Group NV increased its stake in shares of Walmart by 1.8% in the third quarter. KBC Group NV now owns 1,181,078 shares of the retailer’s stock worth $95,372,000 after purchasing an additional 20,987 shares in the last quarter. Huntington National Bank increased its stake in shares of Walmart by 3.2% in the third quarter. Huntington National Bank now owns 1,611,608 shares of the retailer’s stock worth $130,138,000 after purchasing an additional 50,053 shares in the last quarter. ROI Financial Advisors LLC increased its stake in shares of Walmart by 12.4% in the third quarter. ROI Financial Advisors LLC now owns 39,026 shares of the retailer’s stock worth $3,151,000 after purchasing an additional 4,314 shares in the last quarter. Finally, Plato Investment Management Ltd increased its stake in shares of Walmart by 0.4% in the third quarter. Plato Investment Management Ltd now owns 97,329 shares of the retailer’s stock worth $7,851,000 after purchasing an additional 397 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Evercore ISI increased their price objective on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Jefferies Financial Group upped their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer upped their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus upped their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $85.18.

Walmart Trading Down 0.2 %

WMT stock opened at $84.27 on Friday. The company has a market capitalization of $677.38 billion, a PE ratio of 43.81, a P/E/G ratio of 4.22 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The firm’s 50-day moving average is $81.14 and its 200 day moving average is $72.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

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

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

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.