Wagner Bowman Management Corp lifted its stake in shares of Walmart Inc (NYSE:WMT) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,200 shares of the retailer’s stock after purchasing an additional 130 shares during the quarter. Wagner Bowman Management Corp’s holdings in Walmart were worth $1,136,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Lenox Wealth Management Inc. boosted its holdings in Walmart by 1.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 10,348 shares of the retailer’s stock worth $969,000 after buying an additional 104 shares during the period. Carmichael Hill & Associates Inc. boosted its holdings in Walmart by 2.0% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 5,502 shares of the retailer’s stock worth $512,000 after buying an additional 106 shares during the period. New Capital Management LP boosted its holdings in Walmart by 18.0% in the 4th quarter. New Capital Management LP now owns 720 shares of the retailer’s stock valued at $67,000 after purchasing an additional 110 shares during the period. Bath Savings Trust Co boosted its holdings in Walmart by 3.8% in the 4th quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock valued at $302,000 after purchasing an additional 118 shares during the period. Finally, Lourd Capital LLC boosted its holdings in Walmart by 1.5% in the 4th quarter. Lourd Capital LLC now owns 8,182 shares of the retailer’s stock valued at $762,000 after purchasing an additional 120 shares during the period. Institutional investors own 29.44% of the company’s stock.
Several research analysts have commented on WMT shares. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Stephens set a $117.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, November 16th. Morgan Stanley reissued a “neutral” rating and issued a $107.00 price target on shares of Walmart in a report on Friday, November 16th. Buckingham Research started coverage on shares of Walmart in a report on Thursday. They issued a “neutral” rating and a $96.73 price target for the company. Finally, KeyCorp raised their price target on shares of Walmart from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, November 16th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and a consensus price target of $104.62.
Shares of Walmart stock traded up $0.35 on Monday, hitting $95.93. 1,108,691 shares of the company traded hands, compared to its average volume of 7,181,110. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81. The stock has a market cap of $283.14 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.97 and a beta of 0.32. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21.
Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, analysts predict that Walmart Inc will post 4.83 earnings per share for the current year.
Walmart Company Profile
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.
See Also: What is the Federal Reserve?
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.