Allen Capital Group LLC Grows Position in Walmart Inc. (NYSE:WMT)

Allen Capital Group LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 55,971 shares of the retailer’s stock after acquiring an additional 1,937 shares during the quarter. Allen Capital Group LLC’s holdings in Walmart were worth $4,520,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Walmart during the 1st quarter worth about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth about $26,000. TruNorth Capital Management LLC lifted its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC lifted its stake in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WMT. Royal Bank of Canada increased their target price on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday. 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. Evercore ISI raised their target price on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.49.

Walmart Stock Up 1.3 %

WMT opened at $88.32 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The business has a 50 day simple moving average of $81.92 and a 200-day simple moving average of $73.54. The stock has a market capitalization of $709.94 billion, a P/E ratio of 36.25, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $88.64.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal 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.