Atom Investors LP Has $1.98 Million Holdings in Walmart Inc. (NYSE:WMT)

Atom Investors LP lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 45.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 24,546 shares of the retailer’s stock after selling 20,832 shares during the period. Atom Investors LP’s holdings in Walmart were worth $1,982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Financial Wealth Advisors LLC raised its position in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC grew its stake in shares of Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 122 shares in the last quarter. CAP Partners LLC raised its holdings in shares of Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the last quarter. Investment Advisory Group LLC lifted its position in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares in the last quarter. Finally, Jag Capital Management LLC boosted its holdings in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after purchasing an additional 132 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Evercore ISI raised their target price on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, KeyCorp boosted their price target on shares of Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.88.

Walmart Trading Up 0.1 %

Walmart stock opened at $92.63 on Tuesday. The stock has a market cap of $744.58 billion, a P/E ratio of 38.01, a PEG ratio of 4.39 and a beta of 0.54. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $92.99. The firm’s fifty day moving average price is $83.35 and its 200-day moving average price is $75.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at approximately $53,352,180. This represents a 2.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 9,673,023 shares of company stock valued at $753,365,984 in 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.