Logan Capital Management Inc. Acquires 188 Shares of Walmart Inc. (NYSE:WMT)

Logan Capital Management Inc. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,614 shares of the retailer’s stock after purchasing an additional 188 shares during the quarter. Logan Capital Management Inc.’s holdings in Walmart were worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Fidelity D & D Bancorp Inc. increased its position in shares of Walmart by 5.6% during the third quarter. Fidelity D & D Bancorp Inc. now owns 6,243 shares of the retailer’s stock worth $504,000 after acquiring an additional 330 shares during the period. Retirement Systems of Alabama increased its holdings in Walmart by 9.1% during the 3rd quarter. Retirement Systems of Alabama now owns 1,935,792 shares of the retailer’s stock worth $156,315,000 after purchasing an additional 161,120 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Walmart during the 3rd quarter valued at $626,000. Garde Capital Inc. grew its position in shares of Walmart by 8.0% during the 3rd quarter. Garde Capital Inc. now owns 2,080 shares of the retailer’s stock worth $168,000 after buying an additional 154 shares in the last quarter. Finally, Denver PWM LLC increased its stake in shares of Walmart by 10.7% during the third quarter. Denver PWM LLC now owns 3,043 shares of the retailer’s stock valued at $246,000 after buying an additional 294 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,309,091 shares of company stock worth $183,375,539. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Piper Sandler lifted their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

Walmart Trading Up 0.4 %

Walmart stock opened at $94.26 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market cap of $757.19 billion, a PE ratio of 38.68, a P/E/G ratio of 4.47 and a beta of 0.54. The stock’s 50 day simple moving average is $86.10 and its two-hundred day simple moving average is $76.94. Walmart Inc. has a 12 month low of $50.51 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

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.