Slow Capital Inc. Sells 640 Shares of Walmart Inc (NYSE:WMT)
Slow Capital Inc. lessened its stake in shares of Walmart Inc (NYSE:WMT) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,522 shares of the retailer’s stock after selling 640 shares during the period. Slow Capital Inc.’s holdings in Walmart were worth $2,267,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Clarfeld Financial Advisors LLC purchased a new position in Walmart during the fourth quarter valued at approximately $25,000. C J Advisory Inc purchased a new position in Walmart during the first quarter valued at approximately $29,000. Mcmillion Capital Management Inc. purchased a new position in Walmart during the second quarter valued at approximately $34,000. Financial Gravity Wealth Inc. purchased a new position in Walmart in the first quarter worth $35,000. Finally, WP Advisors LLC purchased a new position in Walmart in the first quarter worth $37,000. 30.05% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on WMT shares. UBS Group lifted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Bank of America set a $120.00 price target on shares of Walmart and gave the stock a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group lifted their price target on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $109.56.
NYSE WMT traded up $2.23 on Tuesday, reaching $107.45. 360,865 shares of the company’s stock traded hands, compared to its average volume of 4,805,763. The stock has a market cap of $306.25 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 4.69 and a beta of 0.41. The business has a 50 day moving average of $111.46. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, analysts expect that Walmart Inc will post 4.84 EPS for the current fiscal year.
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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