Integrated Investment Consultants LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Integrated Investment Consultants LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 51.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,623 shares of the retailer’s stock after purchasing an additional 5,298 shares during the period. Integrated Investment Consultants LLC’s holdings in Walmart were worth $1,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Running Point Capital Advisors LLC purchased a new stake in shares of Walmart during the third quarter valued at $255,000. Thompson Siegel & Walmsley LLC lifted its stake in Walmart by 1.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 118,663 shares of the retailer’s stock valued at $9,582,000 after acquiring an additional 1,257 shares during the period. Tradewinds LLC. boosted its holdings in shares of Walmart by 1.3% during the 3rd quarter. Tradewinds LLC. now owns 108,796 shares of the retailer’s stock valued at $8,785,000 after acquiring an additional 1,432 shares during the last quarter. Cypress Capital Group boosted its holdings in shares of Walmart by 4.6% during the 3rd quarter. Cypress Capital Group now owns 138,938 shares of the retailer’s stock valued at $11,219,000 after acquiring an additional 6,091 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of Walmart by 1.1% in the third quarter. King Luther Capital Management Corp now owns 1,223,057 shares of the retailer’s stock worth $98,762,000 after acquiring an additional 12,737 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMT shares. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday. UBS Group raised their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price objective on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.49.

Walmart Trading Up 0.7 %

Shares of WMT stock opened at $87.18 on Thursday. The company has a market cap of $700.77 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $88.29. The stock’s 50 day simple moving average is $81.75 and its two-hundred day simple moving average is $73.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Company 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.