Walmart Inc (WMT) Shares Bought by Stokes Capital Advisors LLC

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Stokes Capital Advisors LLC boosted its holdings in Walmart Inc (NYSE:WMT) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,609 shares of the retailer’s stock after purchasing an additional 2,480 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Walmart were worth $2,123,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. CSat Investment Advisory L.P. acquired a new stake in Walmart in the second quarter valued at approximately $111,000. Amussen Hunsaker Associates LLC acquired a new stake in Walmart in the second quarter valued at approximately $152,000. ELM Advisors LLC acquired a new stake in Walmart in the third quarter valued at approximately $152,000. Kiley Juergens Wealth Management LLC acquired a new stake in Walmart in the second quarter valued at approximately $165,000. Finally, Adviser Investments LLC grew its stake in Walmart by 77.0% in the second quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock valued at $166,000 after acquiring an additional 842 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.

WMT stock opened at $94.81 on Friday. 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 Inc has a 1-year low of $81.78 and a 1-year high of $109.98. The firm has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. As a group, research analysts predict that Walmart Inc will post 4.81 earnings per share for the current year.

In other Walmart news, major shareholder Alice L. Walton sold 594,396 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the completion of the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The disclosure for this sale can be found here. In the last three months, insiders sold 10,199,130 shares of company stock worth $976,228,654. Insiders own 51.11% of the company’s stock.

A number of equities research analysts have commented on WMT shares. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of Walmart in a research note on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Citigroup raised their price objective on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Stephens set a $115.00 price objective on Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $102.37.

Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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