Osborne Partners Capital Management LLC Purchases 375 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Osborne Partners Capital Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 150,879 shares of the retailer’s stock after purchasing an additional 375 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Walmart were worth $12,183,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WMT. Fifth Third Wealth Advisors LLC grew its stake in shares of Walmart by 232.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 44,937 shares of the retailer’s stock valued at $2,704,000 after purchasing an additional 31,403 shares during the period. Courier Capital LLC lifted its position in shares of Walmart by 197.1% during the 1st quarter. Courier Capital LLC now owns 88,102 shares of the retailer’s stock valued at $5,301,000 after buying an additional 58,444 shares in the last quarter. Howard Financial Services LTD. grew its stake in shares of Walmart by 196.8% during the 1st quarter. Howard Financial Services LTD. now owns 8,158 shares of the retailer’s stock valued at $491,000 after acquiring an additional 5,409 shares during the period. Indiana Trust & Investment Management CO grew its stake in shares of Walmart by 192.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 12,135 shares of the retailer’s stock valued at $730,000 after acquiring an additional 7,990 shares during the period. Finally, Artemis Investment Management LLP grew its stake in shares of Walmart by 201.0% during the 1st quarter. Artemis Investment Management LLP now owns 1,044,736 shares of the retailer’s stock valued at $62,829,000 after acquiring an additional 697,603 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $82.51 on Friday. The stock’s fifty day moving average is $79.09 and its 200 day moving average is $70.40. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The firm has a market capitalization of $663.67 billion, a PE ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,784,857. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Barclays boosted their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. KeyCorp boosted their price objective on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Finally, Evercore ISI boosted their price objective on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $83.51.

Read Our Latest Research Report on Walmart

About Walmart

(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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