Laffer Tengler Investments Inc. boosted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 13.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,109 shares of the retailer's stock after acquiring an additional 17,007 shares during the quarter. Walmart accounts for approximately 2.3% of Laffer Tengler Investments Inc.'s investment portfolio, making the stock its 6th biggest position. Laffer Tengler Investments Inc.'s holdings in Walmart were worth $11,556,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of WMT. WFA Asset Management Corp increased its holdings in Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer's stock worth $126,000 after purchasing an additional 1,397 shares during the period. Dupont Capital Management Corp raised its holdings in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer's stock valued at $16,255,000 after acquiring an additional 168,346 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Walmart by 201.4% in the first quarter. Manchester Capital Management LLC now owns 31,424 shares of the retailer's stock valued at $1,891,000 after acquiring an additional 20,997 shares in the last quarter. Staley Capital Advisers Inc. purchased a new position in Walmart in the first quarter worth approximately $215,000. Finally, Advisory Services Network LLC increased its position in shares of Walmart by 210.7% in the 1st quarter. Advisory Services Network LLC now owns 235,938 shares of the retailer's stock valued at $14,196,000 after purchasing an additional 159,994 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company's stock, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company's stock, valued at $29,765,104.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by company insiders.
NYSE:WMT traded up $0.46 during trading hours on Monday, reaching $85.29. 1,246,915 shares of the company were exchanged, compared to its average volume of 16,706,574. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. The stock has a 50 day simple moving average of $80.53 and a 200 day simple moving average of $72.10. The firm has a market cap of $685.58 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 4.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.
Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts' expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.
A number of analysts have issued reports on WMT shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Evercore ISI raised their price target on Walmart from $82.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Walmart from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Finally, Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They set a "buy" rating and a $95.00 price objective for the company. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $83.92.
Check Out Our Latest Analysis on Walmart
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
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