Vestor Capital LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

Vestor Capital LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 4,939.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,982 shares of the retailer’s stock after purchasing an additional 59,772 shares during the period. Vestor Capital LLC’s holdings in Walmart were worth $4,924,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Liberty Wealth Management LLC bought a new position in shares of Walmart in the 1st quarter valued at about $270,000. Commerce Bank boosted its holdings in shares of Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares during the period. Sustainable Insight Capital Management LLC bought a new stake in Walmart in the first quarter worth $723,000. Finally, Meridian Management Co. lifted its position in Walmart by 200.2% in the first quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock worth $8,477,000 after buying an additional 93,955 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Citigroup increased their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Oppenheimer lifted 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. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $83.89.

Walmart Price Performance

Shares of NYSE WMT opened at $82.24 on Monday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market cap of $661.07 billion, a PE ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business has a 50-day simple moving average of $79.80 and a two-hundred day simple moving average of $71.25.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the business earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on 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 directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,334,337 shares of company stock valued at $958,577,287 over the last ninety days. 45.58% of the stock is currently owned by 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.