Hardy Reed LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

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Hardy Reed LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,890 shares of the retailer’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. GQG Partners LLC acquired a new position in Walmart during the 2nd quarter worth approximately $417,050,000. Bessemer Group Inc. grew its holdings in shares of Walmart by 2,168.5% in the 2nd quarter. Bessemer Group Inc. now owns 919,283 shares of the retailer’s stock worth $110,112,000 after acquiring an additional 878,759 shares during the period. State Street Corp grew its holdings in shares of Walmart by 1.2% in the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock worth $8,094,312,000 after acquiring an additional 835,420 shares during the period. Crake Asset Management LLP acquired a new stake in shares of Walmart in the 2nd quarter worth approximately $99,751,000. Finally, Prudential Financial Inc. grew its holdings in shares of Walmart by 41.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,834,064 shares of the retailer’s stock worth $339,464,000 after acquiring an additional 823,567 shares during the period. Institutional investors own 29.34% of the company’s stock.

NYSE WMT traded down $1.88 during trading hours on Wednesday, hitting $140.99. The company had a trading volume of 139,141 shares, compared to its average volume of 9,459,843. Walmart Inc. has a fifty-two week low of $102.00 and a fifty-two week high of $151.33. The company has a market capitalization of $404.86 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 4.86 and a beta of 0.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. The firm’s 50 day moving average is $140.30 and its 200 day moving average is $130.56.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same period in the prior year, the firm earned $1.27 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 5.35 EPS for the current year.

A number of research firms recently weighed in on WMT. Goldman Sachs Group restated a “buy” rating and issued a $144.00 price target on shares of Walmart in a report on Tuesday, August 18th. Robert W. Baird upped their price target on Walmart from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Barclays restated a “buy” rating and issued a $140.00 price target on shares of Walmart in a report on Monday, August 31st. Jefferies Financial Group initiated coverage on Walmart in a report on Friday, October 16th. They issued a “buy” rating and a $165.00 price target on the stock. Finally, Tigress Financial reiterated a “hold” rating on shares of Walmart in a report on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $141.46.

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

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.

Featured Story: How is Preferred Stock Different from Common Stock?

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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Hardy Reed LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Share on StockTwits

Hardy Reed LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,890 shares of the retailer’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. GQG Partners LLC acquired a new position in Walmart during the 2nd quarter worth approximately $417,050,000. Bessemer Group Inc. grew its holdings in shares of Walmart by 2,168.5% in the 2nd quarter. Bessemer Group Inc. now owns 919,283 shares of the retailer’s stock worth $110,112,000 after acquiring an additional 878,759 shares during the period. State Street Corp grew its holdings in shares of Walmart by 1.2% in the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock worth $8,094,312,000 after acquiring an additional 835,420 shares during the period. Crake Asset Management LLP acquired a new stake in shares of Walmart in the 2nd quarter worth approximately $99,751,000. Finally, Prudential Financial Inc. grew its holdings in shares of Walmart by 41.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,834,064 shares of the retailer’s stock worth $339,464,000 after acquiring an additional 823,567 shares during the period. Institutional investors own 29.34% of the company’s stock.

Shares of WMT traded down $1.88 during trading hours on Wednesday, hitting $140.99. The stock had a trading volume of 139,141 shares, compared to its average volume of 9,459,843. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The firm has a market cap of $404.86 billion, a P/E ratio of 22.79, a P/E/G ratio of 4.86 and a beta of 0.27. The company’s fifty day simple moving average is $140.30 and its 200 day simple moving average is $130.56. Walmart Inc. has a 12-month low of $102.00 and a 12-month high of $151.33.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. During the same period last year, the company posted $1.27 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

A number of research firms recently weighed in on WMT. Raymond James upped their price target on Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $144.00 price target (up previously from $142.00) on shares of Walmart in a report on Wednesday, August 19th. Wells Fargo & Company restated a “hold” rating on shares of Walmart in a report on Friday, July 24th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Tuesday, September 15th. Finally, Jefferies Financial Group initiated coverage on Walmart in a report on Friday, October 16th. They issued a “buy” rating and a $165.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $141.46.

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

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.

Featured Story: How is Preferred Stock Different from Common Stock?

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.



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