6 Meridian grew its stake in shares of Walmart Inc (NYSE:WMT) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,933 shares of the retailer’s stock after buying an additional 8,652 shares during the period. Walmart makes up 2.0% of 6 Meridian’s portfolio, making the stock its 5th biggest position. 6 Meridian’s holdings in Walmart were worth $17,699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $105,000. Lenox Wealth Advisors Inc. lifted its holdings in shares of Walmart by 13,287.5% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock valued at $106,000 after purchasing an additional 1,063 shares in the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Walmart by 106.0% during the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after purchasing an additional 618 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Walmart during the 4th quarter valued at about $123,000. Finally, Cerebellum GP LLC bought a new position in shares of Walmart during the 4th quarter valued at about $127,000. Hedge funds and other institutional investors own 29.77% of the company’s stock.

Walmart opened at $82.54 on Friday, MarketBeat Ratings reports. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The company has a market cap of $244.10 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. Walmart Inc has a 1-year low of $73.13 and a 1-year high of $109.98.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $122.69 billion for the quarter, compared to analyst estimates of $119.29 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. equities analysts forecast that Walmart Inc will post 4.86 EPS for the current year.

Several equities analysts have recently weighed in on WMT shares. Gordon Haskett cut Walmart from a “buy” rating to an “accumulate” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 17th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a report on Saturday, February 10th. Cowen set a $120.00 price objective on Walmart and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Vetr raised Walmart from a “hold” rating to a “buy” rating and set a $110.28 target price on the stock in a research report on Thursday, February 1st. Nineteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $97.36.

Walmart 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.