Colonial River Investments LLC Buys 9,285 Shares of Walmart Inc. (NYSE:WMT)

Colonial River Investments LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 56.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,592 shares of the retailer’s stock after purchasing an additional 9,285 shares during the quarter. Walmart comprises 1.0% of Colonial River Investments LLC’s investment portfolio, making the stock its 25th biggest holding. Colonial River Investments LLC’s holdings in Walmart were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC lifted its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the 2nd quarter valued at $29,000. FSA Wealth Management LLC increased its stake in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its position in shares of Walmart by 216.4% during the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group increased their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Evercore ISI raised their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Melius Research assumed coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $83.92.

Walmart Stock Up 1.2 %

WMT opened at $84.83 on Friday. The firm has a market capitalization of $681.88 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $85.54. The company has a fifty day moving average price of $80.53 and a 200-day moving average price of $71.92. 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 posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 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.