Traynor Capital Management Inc. purchased a new stake in Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,629 shares of the retailer’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Tatro Capital LLC grew its holdings in shares of Walmart by 3.5% during the third quarter. Tatro Capital LLC now owns 2,209 shares of the retailer’s stock worth $309,000 after buying an additional 74 shares in the last quarter. Howland Capital Management LLC grew its holdings in shares of Walmart by 3.3% during the second quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after buying an additional 77 shares in the last quarter. X Square Capital LLC grew its holdings in shares of Walmart by 2.6% during the second quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock worth $358,000 after buying an additional 77 shares in the last quarter. BSW Wealth Partners grew its holdings in shares of Walmart by 3.6% during the second quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock worth $264,000 after buying an additional 77 shares in the last quarter. Finally, Truvestments Capital LLC grew its holdings in shares of Walmart by 2.0% during the second quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock worth $484,000 after buying an additional 80 shares in the last quarter. 29.34% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on WMT shares. Cfra reissued a “buy” rating and issued a $145.00 price objective on shares of Walmart in a report on Thursday, July 16th. Credit Suisse Group reissued a “buy” rating and issued a $135.00 price objective on shares of Walmart in a report on Monday, September 21st. BMO Capital Markets upped their price objective on shares of Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. They noted that the move was a valuation call. Morgan Stanley upped their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $137.00 price objective on shares of Walmart in a report on Friday, October 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $141.46.

In related news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $129.22, for a total value of $10,983,700.00. Following the sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 752,085 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the completion of the transaction, the insider now owns 11,323,580 shares in the company, valued at $1,553,595,176. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,011,690 shares of company stock worth $138,850,587. 50.43% of the stock is owned by corporate insiders.

NYSE:WMT traded up $0.72 during mid-day trading on Tuesday, hitting $142.88. The stock had a trading volume of 210,117 shares, compared to its average volume of 9,486,474. The stock has a 50-day simple moving average of $140.31 and a two-hundred day simple moving average of $130.46. The company has a market capitalization of $402.85 billion, a PE ratio of 22.80, a PEG ratio of 4.86 and a beta of 0.27. Walmart Inc. has a twelve month low of $102.00 and a twelve month high of $151.33. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion for the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 earnings per share. Sell-side analysts predict that Walmart Inc. will post 5.35 EPS for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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