Paloma Partners Management Co Boosts Stock Position in Walmart Inc (NYSE:WMT)

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Paloma Partners Management Co boosted its holdings in Walmart Inc (NYSE:WMT) by 1,777.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,868 shares of the retailer’s stock after buying an additional 167,448 shares during the quarter. Paloma Partners Management Co’s holdings in Walmart were worth $19,542,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WMT. Krane Funds Advisors LLC purchased a new position in Walmart in the second quarter valued at $26,000. C J Advisory Inc purchased a new position in shares of Walmart during the first quarter worth about $29,000. AllSquare Wealth Management LLC grew its holdings in shares of Walmart by 235.3% during the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after purchasing an additional 200 shares during the last quarter. Mcmillion Capital Management Inc. purchased a new position in shares of Walmart during the second quarter worth about $34,000. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of Walmart during the first quarter worth about $35,000. 30.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WMT traded down $0.11 during mid-day trading on Thursday, hitting $117.05. 306,049 shares of the company’s stock were exchanged, compared to its average volume of 5,438,044. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $118.19. The firm has a market capitalization of $333.24 billion, a P/E ratio of 23.85, a P/E/G ratio of 4.97 and a beta of 0.39. The business’s 50 day moving average is $112.30 and its two-hundred day moving average is $106.28. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 earnings per share. On average, equities research analysts forecast that Walmart Inc will post 4.91 earnings per share for the current year.

Several brokerages have issued reports on WMT. Jefferies Financial Group raised their price objective on Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Walmart in a report on Thursday, August 15th. Raymond James raised their price objective on Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Royal Bank of Canada set a $112.00 price objective on Walmart and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective on the stock. in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $115.76.

In related news, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,580 shares of company stock valued at $1,658,306. 51.11% of the stock is owned by insiders.

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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