Schubert & Co Makes New $225,000 Investment in Walmart Inc. (NYSE:WMT)

Schubert & Co bought a new stake in Walmart Inc. (NYSE:WMT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,788 shares of the retailer’s stock, valued at approximately $225,000.

Other hedge funds have also made changes to their positions in the company. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter valued at $25,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the second quarter worth $29,000. Finally, Kozak & Associates Inc. raised its holdings in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WMT shares. Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Telsey Advisory Group boosted their price target on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Evercore ISI increased their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. DA Davidson lifted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Roth Mkm increased their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average target price of $82.96.

Walmart Stock Performance

NYSE:WMT traded up $0.42 during trading hours on Friday, hitting $81.31. 12,324,148 shares of the company traded hands, compared to its average volume of 17,134,037. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82. The firm has a 50-day moving average of $77.90 and a 200 day moving average of $69.54. The stock has a market capitalization of $654.02 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 4.02 and a beta of 0.51.

Walmart (NYSE:WMT) last announced 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Profile

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.