Gyroscope Capital Management Group LLC Cuts Stock Position in Walmart Inc (NYSE:WMT)

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Gyroscope Capital Management Group LLC lessened its position in Walmart Inc (NYSE:WMT) by 19.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,617 shares of the retailer’s stock after selling 14,659 shares during the quarter. Walmart makes up 2.9% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 12th largest holding. Gyroscope Capital Management Group LLC’s holdings in Walmart were worth $7,283,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Krane Funds Advisors LLC purchased a new stake in Walmart during the 2nd quarter worth about $26,000. AllSquare Wealth Management LLC increased its holdings in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after purchasing an additional 200 shares during the period. Mcmillion Capital Management Inc. purchased a new stake in Walmart during the 2nd quarter worth about $34,000. Litman Gregory Asset Management LLC purchased a new stake in Walmart during the 2nd quarter worth about $37,000. Finally, MRA Associates USA LLC purchased a new stake in Walmart during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 30.10% of the company’s stock.

WMT has been the topic of several recent research reports. Robert W. Baird upped their price target on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Buckingham Research set a $109.00 price target on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Guggenheim reiterated a “buy” rating and issued a $125.00 price objective on shares of Walmart in a report on Thursday, August 15th. Finally, Loop Capital increased their price objective on Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $116.09.

WMT traded up $0.64 during trading on Friday, hitting $120.25. 3,351,947 shares of the stock were exchanged, compared to its average volume of 5,281,826. The firm has a market capitalization of $334.43 billion, a P/E ratio of 24.49, a PEG ratio of 5.06 and a beta of 0.40. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $119.88. The stock has a fifty day moving average price of $116.01 and a two-hundred day moving average price of $108.44. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 earnings per share. Analysts predict that Walmart Inc will post 4.92 EPS for the current year.

In related news, insider John R. Furner sold 7,900 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by corporate insiders.

About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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