Kathmere Capital Management LLC Acquires 3,752 Shares of Walmart Inc. (NYSE:WMT)

Kathmere Capital Management LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,655 shares of the retailer’s stock after purchasing an additional 3,752 shares during the period. Kathmere Capital Management LLC’s holdings in Walmart were worth $4,938,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC raised its stake in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMT shares. Barclays raised their price target on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Robert W. Baird lifted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup upped their price target on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. KeyCorp lifted their price objective on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $94.08.

Walmart Stock Down 0.8 %

NYSE:WMT opened at $90.79 on Wednesday. The company has a market cap of $729.35 billion, a price-to-earnings ratio of 37.26, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.44 and a twelve month high of $96.18. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $90.70 and a 200-day simple moving average of $80.96.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.47 EPS for the current year.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,347 shares of company stock valued at $12,311,491 over the last quarter. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.