Motco boosted its position in Walmart Inc (NYSE:WMT) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,690 shares of the retailer’s stock after acquiring an additional 97 shares during the period. Motco’s holdings in Walmart were worth $320,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Vectors Research Management LLC lifted its position in shares of Walmart by 0.7% during the third quarter. Vectors Research Management LLC now owns 32,848 shares of the retailer’s stock valued at $3,898,000 after buying an additional 221 shares during the last quarter. First Command Financial Services Inc. raised its stake in shares of Walmart by 33.8% during the 3rd quarter. First Command Financial Services Inc. now owns 10,027 shares of the retailer’s stock worth $1,190,000 after acquiring an additional 2,533 shares in the last quarter. DNB Asset Management AS raised its stake in shares of Walmart by 1.4% during the 3rd quarter. DNB Asset Management AS now owns 42,000 shares of the retailer’s stock worth $4,985,000 after acquiring an additional 600 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $385,000. Finally, Navellier & Associates Inc lifted its position in Walmart by 12.5% during the third quarter. Navellier & Associates Inc now owns 2,444 shares of the retailer’s stock valued at $290,000 after acquiring an additional 272 shares during the last quarter. 30.40% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the completion of the transaction, the executive vice president now owns 2,808,295 shares in the company, valued at approximately $338,596,128.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 255,000 shares of company stock worth $29,993,100. Company insiders own 50.22% of the company’s stock.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. The firm had revenue of $126.98 billion for the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. Equities research analysts forecast that Walmart Inc will post 4.98 EPS for the current year.
Several brokerages have weighed in on WMT. Oppenheimer raised their target price on shares of Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Goldman Sachs Group set a $125.00 price target on Walmart and gave the stock a “buy” rating in a research report on Thursday, November 14th. Jefferies Financial Group upped their price target on Walmart from $127.00 to $137.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. They noted that the move was a valuation call. Robert W. Baird reiterated a “buy” rating and set a $130.00 price objective on shares of Walmart in a report on Friday. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Walmart in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the company. Walmart currently has an average rating of “Buy” and an average price target of $123.51.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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