Stokes Capital Advisors LLC Has $2.12 Million Stake in Walmart Inc (WMT)
Stokes Capital Advisors LLC lifted its stake in shares of Walmart Inc (NYSE:WMT) by 12.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,609 shares of the retailer’s stock after purchasing an additional 2,480 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Walmart were worth $2,123,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. acquired a new stake in Walmart in the second quarter valued at about $1,761,000. Bridgewater Associates LP acquired a new stake in Walmart in the second quarter valued at about $14,408,000. Sound Income Strategies LLC boosted its stake in Walmart by 31.2% in the third quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock valued at $1,511,000 after buying an additional 3,825 shares in the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in Walmart in the second quarter valued at about $1,577,000. Finally, RB Capital Management LLC acquired a new stake in Walmart in the second quarter valued at about $271,000. 29.32% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on WMT shares. Morningstar set a $90.00 price target on Walmart and gave the company a “neutral” rating in a research note on Tuesday, June 26th. Gordon Haskett lowered Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target on shares of Walmart in a research note on Tuesday, August 7th. Finally, Royal Bank of Canada reissued a “neutral” rating and set a $90.00 price target on shares of Walmart in a research note on Thursday, August 9th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $102.37.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same period last year, the company earned $1.08 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.
In other news, EVP M. Brett Biggs sold 18,421 shares of the firm’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $96.14, for a total transaction of $1,770,994.94. Following the completion of the transaction, the executive vice president now directly owns 185,557 shares in the company, valued at $17,839,449.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director S Robson Walton sold 881,158 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock valued at $976,228,654 over the last 90 days. 51.11% of the stock is owned by corporate insiders.
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.
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