Seldon Capital LP Takes $222,000 Position in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Seldon Capital LP acquired a new position in shares of Walmart Inc. (NYSE:WMT – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,754 shares of the retailer’s stock, valued at approximately $222,000.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart during the first quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter worth $26,000. TruNorth Capital Management LLC grew its stake in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart during the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC increased its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $90.44 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.91. The stock’s 50-day moving average price is $82.12 and its 200-day moving average price is $73.84. The stock has a market capitalization of $726.98 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.51.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Barclays boosted their price target on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein boosted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer upped their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Bank of America lifted their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Telsey Advisory Group upped their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

View Our Latest Stock Report on WMT

Walmart Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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