Osborne Partners Capital Management LLC Purchases 375 Shares of Walmart Inc. (NYSE:WMT)
by Sarita Garza · The Markets DailyOsborne Partners Capital Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,879 shares of the retailer’s stock after purchasing an additional 375 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Walmart were worth $12,183,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in WMT. Fifth Third Wealth Advisors LLC grew its stake in shares of Walmart by 232.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 44,937 shares of the retailer’s stock valued at $2,704,000 after purchasing an additional 31,403 shares during the period. Courier Capital LLC lifted its position in shares of Walmart by 197.1% during the 1st quarter. Courier Capital LLC now owns 88,102 shares of the retailer’s stock valued at $5,301,000 after buying an additional 58,444 shares in the last quarter. Howard Financial Services LTD. grew its stake in shares of Walmart by 196.8% during the 1st quarter. Howard Financial Services LTD. now owns 8,158 shares of the retailer’s stock valued at $491,000 after acquiring an additional 5,409 shares during the period. Indiana Trust & Investment Management CO grew its stake in shares of Walmart by 192.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 12,135 shares of the retailer’s stock valued at $730,000 after acquiring an additional 7,990 shares during the period. Finally, Artemis Investment Management LLP grew its stake in shares of Walmart by 201.0% during the 1st quarter. Artemis Investment Management LLP now owns 1,044,736 shares of the retailer’s stock valued at $62,829,000 after acquiring an additional 697,603 shares during the period. 26.76% of the stock is currently owned by institutional investors.
Walmart Stock Performance
NYSE:WMT opened at $82.51 on Friday. The stock’s fifty day moving average is $79.09 and its 200 day moving average is $70.40. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm has a market capitalization of $663.67 billion, a PE ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.
Insider Activity at Walmart
In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on 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 sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. 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 at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. Company insiders own 45.58% of the company’s stock.
Analyst Upgrades and Downgrades
WMT has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Barclays boosted their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. KeyCorp boosted their price objective on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Evercore ISI boosted their price objective on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.51.
Read Our Latest Research Report on Walmart
About 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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