Mach 1 Financial Group LLC lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,288 shares of the retailer's stock after acquiring an additional 7,011 shares during the quarter. Walmart accounts for 8.3% of Mach 1 Financial Group LLC's holdings, making the stock its 2nd biggest position. Mach 1 Financial Group LLC's holdings in Walmart were worth $13,589,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. EntryPoint Capital LLC purchased a new stake in Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at $29,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. StockNews.com raised Walmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. UBS Group upped their target price on Walmart from $81.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Finally, KeyCorp upped their price objective on shares of Walmart from $87.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday. One 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's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $83.92.
Check Out Our Latest Report on Walmart
In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company's stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business's 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 approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company's stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by insiders.
NYSE:WMT opened at $84.83 on Friday. The company's 50-day moving average is $80.53 and its two-hundred day moving average is $71.92. The firm has a market capitalization of $681.88 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 4.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $85.54.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts' expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.
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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