DeDora Capital Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,536 shares of the retailer’s stock after buying an additional 478 shares during the period. DeDora Capital Inc.’s holdings in Walmart were worth $635,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolution Wealth Advisors LLC increased its position in shares of Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after buying an additional 205 shares during the period. Carolina Wealth Advisors LLC lifted its stake in shares of Walmart by 57.6% in the third quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock worth $36,000 after buying an additional 95 shares in the last quarter. Atlantic Trust LLC lifted its position in Walmart by 42.0% during the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock valued at $34,000 after purchasing an additional 84 shares during the period. Marquette Asset Management LLC purchased a new position in Walmart during the second quarter valued at $34,000. Finally, Selective Wealth Management Inc. purchased a new position in Walmart during the second quarter valued at $36,000. Institutional investors own 29.34% of the company’s stock.
WMT has been the subject of a number of research analyst reports. Tigress Financial reiterated a “hold” rating on shares of Walmart in a report on Tuesday, July 28th. Goldman Sachs Group reissued a “buy” rating and set a $144.00 target price on shares of Walmart in a research report on Tuesday, August 18th. Wells Fargo & Company reissued a “hold” rating on shares of Walmart in a research report on Friday, July 24th. Citigroup raised their target price on shares of Walmart from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Finally, MKM Partners initiated coverage on shares of Walmart in a research report on Wednesday, July 29th. They set a “neutral” rating and a $147.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $141.46.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same period in the prior year, the business posted $1.27 earnings per share. Walmart’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc. will post 5.33 earnings per share for the current year.
In related news, SVP David Chojnowski sold 4,605 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the completion of the sale, the senior vice president now directly owns 30,620 shares of the company’s stock, valued at approximately $4,110,428.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total value of $10,983,700.00. Following the completion of the sale, the executive vice president now directly owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is currently owned by company insiders.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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