Meritage Portfolio Management grew its holdings in Walmart Inc. (NYSE:WMT) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,273 shares of the retailer’s stock after purchasing an additional 216 shares during the period. Meritage Portfolio Management’s holdings in Walmart were worth $6,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Aurora Private Wealth Inc. increased its holdings in shares of Walmart by 30.8% in the 3rd quarter. Aurora Private Wealth Inc. now owns 2,291 shares of the retailer’s stock valued at $321,000 after purchasing an additional 540 shares during the period. Hardy Reed LLC bought a new stake in shares of Walmart in the 3rd quarter valued at approximately $264,000. Americana Partners LLC grew its stake in shares of Walmart by 2.4% in the 3rd quarter. Americana Partners LLC now owns 4,957 shares of the retailer’s stock valued at $693,000 after buying an additional 118 shares in the last quarter. Hedeker Wealth LLC grew its stake in shares of Walmart by 65.3% in the 3rd quarter. Hedeker Wealth LLC now owns 23,978 shares of the retailer’s stock valued at $3,354,000 after buying an additional 9,470 shares in the last quarter. Finally, Callahan Advisors LLC grew its stake in shares of Walmart by 1.0% in the 3rd quarter. Callahan Advisors LLC now owns 73,582 shares of the retailer’s stock valued at $10,295,000 after buying an additional 763 shares in the last quarter. Institutional investors own 29.34% of the company’s stock.

WMT has been the subject of several recent research reports. DA Davidson initiated coverage on Walmart in a research note on Friday, August 14th. They issued a “buy” rating and a $148.00 price target for the company. Oppenheimer reissued a “buy” rating and issued a $152.00 price target (up previously from $145.00) on shares of Walmart in a research note on Tuesday, September 22nd. Cfra reissued a “buy” rating and issued a $145.00 price target on shares of Walmart in a research note on Thursday, July 16th. UBS Group set a $148.00 target price on Walmart and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Walmart in a research report on Friday, July 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $141.46.

In other 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 transaction of $10,983,700.00. Following the sale, the executive vice president now owns 1,858,073 shares in the company, valued at $240,100,193.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 4,605 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the sale, the senior vice president now owns 30,620 shares in the company, valued at approximately $4,110,428.80. The disclosure for this sale can be found here. Insiders have sold 1,011,690 shares of company stock worth $138,850,587 in the last 90 days. Company insiders own 50.43% of the company’s stock.

Walmart stock traded down $2.32 during mid-day trading on Wednesday, hitting $140.55. 148,933 shares of the company were exchanged, compared to its average volume of 9,459,843. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $140.30 and a 200 day moving average of $130.56. Walmart Inc. has a 1-year low of $102.00 and a 1-year high of $151.33. The company has a market capitalization of $404.86 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion during the quarter, compared to analyst estimates of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 earnings per share. Research analysts expect that Walmart Inc. will post 5.35 earnings per share for the current year.

Walmart 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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