Haverford Trust Co. increased its position in shares of Walmart Inc (NYSE:WMT) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,294 shares of the retailer’s stock after acquiring an additional 1,304 shares during the period. Haverford Trust Co.’s holdings in Walmart were worth $2,408,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Donaldson Capital Management LLC acquired a new position in shares of Walmart in the third quarter worth $280,000. Symmetry Partners LLC raised its holdings in shares of Walmart by 0.5% in the third quarter. Symmetry Partners LLC now owns 28,844 shares of the retailer’s stock worth $3,423,000 after acquiring an additional 152 shares during the last quarter. James Hambro & Partners acquired a new position in shares of Walmart in the third quarter worth $356,000. First National Bank of Omaha raised its holdings in shares of Walmart by 2,953.7% in the third quarter. First National Bank of Omaha now owns 74,053 shares of the retailer’s stock worth $8,789,000 after acquiring an additional 71,628 shares during the last quarter. Finally, Cohen Lawrence B raised its holdings in shares of Walmart by 118.4% in the third quarter. Cohen Lawrence B now owns 13,281 shares of the retailer’s stock worth $1,576,000 after acquiring an additional 7,200 shares during the last quarter. 30.15% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.
Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, research analysts anticipate that Walmart Inc will post 4.92 EPS for the current fiscal year.
A number of research firms have recently weighed in on WMT. Goldman Sachs Group set a $123.00 price target on Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Nomura began coverage on Walmart in a report on Friday. They issued a “buy” rating and a $132.00 price target for the company. ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on Walmart from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $125.00 in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $118.41.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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