Marquette Asset Management LLC Invests $297,000 in Walmart Inc. (NYSE:WMT)

Marquette Asset Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,680 shares of the retailer’s stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Syverson Strege & Co lifted its holdings in shares of Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after acquiring an additional 85 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its stake in shares of Walmart by 1.6% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock worth $975,000 after purchasing an additional 100 shares in the last quarter. Pinnacle Holdings LLC boosted its position in shares of Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after buying an additional 108 shares during the period. Trust Co of the South grew its stake in shares of Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after buying an additional 138 shares in the last quarter. Finally, Power Corp of Canada raised its holdings in shares of Walmart by 0.5% during the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock valued at $4,730,000 after buying an additional 139 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the sale, the executive vice president now owns 632,415 shares in the company, valued at $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock valued at $958,267,937 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.8 %

WMT stock opened at $79.71 on Wednesday. The company’s 50 day simple moving average is $75.67 and its 200-day simple moving average is $68.39. The firm has a market capitalization of $640.73 billion, a P/E ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WMT shares. KeyCorp upped their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Guggenheim raised their target price on Walmart from $75.00 to $81.00 and gave the company 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 assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $81.96.

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.