JB Capital LLC Purchases 891 Shares of Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

JB Capital LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,371 shares of the retailer’s stock after acquiring an additional 891 shares during the period. Walmart comprises about 0.9% of JB Capital LLC’s portfolio, making the stock its 17th largest position. JB Capital LLC’s holdings in Walmart were worth $15,373,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the period. Hoese & Co LLP bought a new position in shares of Walmart in the 3rd quarter worth $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter worth $25,000. TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Finally, Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on WMT shares. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup upped their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Telsey Advisory Group raised their price objective on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.89.

Read Our Latest Stock Analysis on Walmart

Insider Transactions at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

WMT stock traded up $0.70 during midday trading on Thursday, hitting $84.14. 1,558,685 shares of the stock traded hands, compared to its average volume of 16,737,420. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock’s fifty day simple moving average is $80.22 and its 200-day simple moving average is $71.67. The firm has a market cap of $676.34 billion, a P/E ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Walmart Company Profile

(Free Report)

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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