Walmart Inc. (NYSE:WMT) Shares Acquired by Franklin Street Advisors Inc. NC

by · The Cerbat Gem

Franklin Street Advisors Inc. NC grew its position in Walmart Inc. (NYSE:WMT – Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,349 shares of the retailer’s stock after acquiring an additional 3,528 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Walmart were worth $12,850,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WMT. PFG Private Wealth Management LLC acquired a new stake in shares of Walmart during the second quarter worth $28,000. Marquette Asset Management LLC acquired a new stake in shares of Walmart during the second quarter worth $34,000. Knott David M Jr acquired a new stake in shares of Walmart during the first quarter worth $33,000. Union Savings Bank acquired a new stake in shares of Walmart during the second quarter worth $37,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Walmart during the first quarter worth $38,000. 33.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Friday, November 17th. Morgan Stanley reduced their target price on Walmart from $170.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Citigroup raised their target price on Walmart from $174.00 to $180.00 and gave the company a “buy” rating in a report on Monday, August 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $185.00 target price on shares of Walmart in a report on Friday, November 17th. Finally, HSBC initiated coverage on Walmart in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.44.

Read Our Latest Research Report on Walmart

Insider Activity

In other news, major shareholder Jim C. Walton sold 90,436 shares of Walmart stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $155.90, for a total value of $14,098,972.40. Following the transaction, the insider now directly owns 234,917,525 shares of the company’s stock, valued at approximately $36,623,642,147.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Jim C. Walton sold 90,436 shares of Walmart stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $155.90, for a total value of $14,098,972.40. Following the transaction, the insider now directly owns 234,917,525 shares of the company’s stock, valued at approximately $36,623,642,147.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 221 shares of Walmart stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $155.80, for a total value of $34,431.80. Following the completion of the transaction, the director now directly owns 231,379,740 shares in the company, valued at $36,048,963,492. The disclosure for this sale can be found here. Insiders have sold 2,990,310 shares of company stock valued at $466,515,037 in the last three months. Corporate insiders own 46.51% of the company’s stock.

Walmart Stock Up 0.4 %

WMT opened at $152.74 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $411.21 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 3.26 and a beta of 0.48. The business has a 50-day moving average of $159.08 and a two-hundred day moving average of $158.43. Walmart Inc. has a 12 month low of $136.09 and a 12 month high of $169.94.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $160.80 billion during the quarter, compared to analysts’ expectations of $159.65 billion. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. On average, research analysts expect that Walmart Inc. will post 6.45 earnings per share for the current year.

About Walmart

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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