Walmart Inc (WMT) Stake Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC increased its stake in shares of Walmart Inc (NYSE:WMT) by 16.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,097 shares of the retailer’s stock after purchasing an additional 4,225 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Walmart were worth $3,022,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WMT. Trust Co. of Vermont increased its position in Walmart by 4.3% in the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock valued at $1,170,000 after acquiring an additional 515 shares during the period. Financial Advantage Inc. increased its position in Walmart by 0.7% in the 3rd quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock valued at $7,561,000 after acquiring an additional 546 shares during the period. Crossvault Capital Management LLC increased its position in Walmart by 2.3% in the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock valued at $2,328,000 after acquiring an additional 550 shares during the period. Fluent Financial LLC increased its position in Walmart by 2.6% in the 3rd quarter. Fluent Financial LLC now owns 22,463 shares of the retailer’s stock valued at $2,110,000 after acquiring an additional 571 shares during the period. Finally, Wealth Alliance Advisory Group LLC increased its position in Walmart by 4.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 13,329 shares of the retailer’s stock valued at $1,252,000 after acquiring an additional 583 shares during the period. Institutional investors and hedge funds own 29.42% of the company’s stock.

In other Walmart news, insider John R. Furner sold 9,623 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $94.04, for a total value of $904,946.92. Following the transaction, the insider now directly owns 165,402 shares of the company’s stock, valued at $15,554,404.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $663,250,442.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is owned by insiders.

A number of research firms have recently commented on WMT. Cowen upped their price objective on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. Credit Suisse Group set a $85.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, August 16th. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Finally, ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $103.16.

Shares of NYSE WMT opened at $104.32 on Thursday. The firm has a market cap of $306.10 billion, a P/E ratio of 23.60, a P/E/G ratio of 4.27 and a beta of 0.35. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. Walmart’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. Equities research analysts predict that Walmart Inc will post 4.77 earnings per share for the current fiscal year.

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About Walmart

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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