Blackhawk Capital Partners LLC. bought a new position in Walmart Inc (NYSE:WMT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,919 shares of the retailer’s stock, valued at approximately $274,000.
Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Putnam Investments LLC raised its position in shares of Walmart by 836.2% in the 2nd quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after buying an additional 4,922,857 shares during the period. Renaissance Technologies LLC raised its position in shares of Walmart by 1,431.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after buying an additional 3,105,600 shares during the period. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Walmart in the 2nd quarter worth $265,661,000. BlackRock Inc. raised its position in shares of Walmart by 1.9% in the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after buying an additional 1,660,543 shares during the period. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in Walmart in the 2nd quarter valued at $105,485,000. 29.18% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on WMT shares. Goldman Sachs Group reiterated a “neutral” rating and issued a $100.00 price target on shares of Walmart in a report on Wednesday, October 17th. JPMorgan Chase & Co. increased their price target on Walmart to $108.00 and gave the company a “neutral” rating in a report on Monday, October 8th. Credit Suisse Group set a $103.00 price target on Walmart and gave the company a “hold” rating in a report on Thursday, November 15th. MKM Partners lowered their price target on Walmart from $107.00 to $105.00 in a report on Monday, October 22nd. Finally, UBS Group increased their price target on Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, August 17th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.04.
Shares of Walmart stock opened at $98.75 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. The stock has a market cap of $289.28 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.98 and a beta of 0.32. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $109.98.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. On average, analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.
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Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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