Walmart Inc. (NYSE:WMT) Shares Acquired by Corundum Group Inc.

Corundum Group Inc. raised its position in shares of Walmart Inc. (NYSE:WMT) by 102.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,868 shares of the retailer’s stock after buying an additional 10,564 shares during the quarter. Corundum Group Inc.’s holdings in Walmart were worth $1,885,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WMT. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $2,072,000. Bank of New Hampshire raised its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank lifted its position in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Walmart during the third quarter worth about $541,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $93.05 on Wednesday. The stock’s fifty day simple moving average is $91.31 and its 200 day simple moving average is $81.63. The stock has a market capitalization of $747.51 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 4.36 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the business posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WMT. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two investment 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.69.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by corporate insiders.

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.