Abner Herrman & Brock LLC Acquires 2,098 Shares of Walmart Inc. (NYSE:WMT)

Abner Herrman & Brock LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,455 shares of the retailer’s stock after buying an additional 2,098 shares during the period. Walmart comprises about 2.0% of Abner Herrman & Brock LLC’s portfolio, making the stock its 21st biggest holding. Abner Herrman & Brock LLC’s holdings in Walmart were worth $16,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. AHL Investment Management Inc. lifted its stake in shares of Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the period. Liberty Wealth Management LLC bought a new stake in Walmart in the 1st quarter valued at about $270,000. Commerce Bank raised its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after acquiring an additional 421,366 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WMT shares. Barclays increased their target price on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group lifted their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $81.96.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,670 shares of company stock worth $958,267,937. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.9 %

Shares of NYSE WMT opened at $80.42 on Thursday. The business’s fifty day moving average price is $75.88 and its 200-day moving average price is $68.52. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The stock has a market capitalization of $646.82 billion, a PE ratio of 34.37, 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 (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating 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 business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Walmart Company 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.