Hayek Kallen Investment Management lowered its position in Walmart Inc (NYSE:WMT) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,328 shares of the retailer’s stock after selling 790 shares during the quarter. Walmart accounts for about 3.5% of Hayek Kallen Investment Management’s holdings, making the stock its 7th largest position. Hayek Kallen Investment Management’s holdings in Walmart were worth $5,617,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $26,000. AllSquare Wealth Management LLC lifted its position in shares of Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after buying an additional 200 shares during the period. Shine Investment Advisory Services Inc. lifted its position in shares of Walmart by 181.7% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock worth $36,000 after buying an additional 198 shares during the period. Mcmillion Capital Management Inc. bought a new position in shares of Walmart during the 2nd quarter worth approximately $34,000. Finally, Litman Gregory Asset Management LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $37,000. Institutional investors own 30.15% of the company’s stock.
Walmart stock traded down $0.79 during midday trading on Friday, reaching $119.44. 3,761,572 shares of the company were exchanged, compared to its average volume of 6,160,737. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The company has a market capitalization of $338.07 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 5.11 and a beta of 0.39. The firm’s 50-day simple moving average is $118.56 and its 200-day simple moving average is $111.26. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $120.92.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. On average, analysts forecast that Walmart Inc will post 4.92 EPS for the current fiscal year.
In other Walmart news, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of Walmart 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 disclosure for this sale can be found here. 51.11% of the stock is owned by insiders.
WMT has been the subject of several analyst reports. Deutsche Bank set a $124.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Nomura assumed coverage on Walmart in a report on Friday. They set a “buy” rating and a $132.00 price target for the company. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Guggenheim reaffirmed a “buy” rating and set a $125.00 price target on shares of Walmart in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $118.41.
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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