Schnieders Capital Management LLC lifted its stake in Walmart Inc (NYSE:WMT) by 12.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,282 shares of the retailer’s stock after acquiring an additional 3,275 shares during the period. Walmart comprises about 1.3% of Schnieders Capital Management LLC’s holdings, making the stock its 25th biggest position. Schnieders Capital Management LLC’s holdings in Walmart were worth $3,346,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centric Wealth Management lifted its stake in Walmart by 6.6% during the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after purchasing an additional 322 shares during the period. Carroll Financial Associates Inc. raised its stake in shares of Walmart by 35.0% in the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after acquiring an additional 3,733 shares during the last quarter. CWM LLC raised its stake in shares of Walmart by 100.9% in the first quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after acquiring an additional 50,003 shares during the last quarter. Eads & Heald Wealth Management raised its stake in shares of Walmart by 22.2% in the first quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Charter Trust Co. raised its stake in shares of Walmart by 0.7% in the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after acquiring an additional 301 shares during the last quarter. Institutional investors and hedge funds own 29.99% of the company’s stock.
Shares of Walmart stock traded down $1.08 during midday trading on Friday, reaching $110.83. The company had a trading volume of 5,100,919 shares, compared to its average volume of 7,066,214. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $319.47 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 4.82 and a beta of 0.41. The stock has a fifty day simple moving average of $111.54 and a 200 day simple moving average of $104.20. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $115.49.
In related news, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,783,026 shares of company stock valued at $187,848,418. 51.11% of the stock is currently owned by company insiders.
A number of research analysts have recently issued reports on the stock. Deutsche Bank set a $124.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price for the company in a research note on Thursday, May 2nd. UBS Group set a $115.00 target price on shares of Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. KeyCorp lifted their target price on shares of Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Citigroup set a $129.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have given a buy rating to the stock. Walmart has a consensus rating of “Buy” and a consensus target price of $114.99.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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