Kornitzer Capital Management Inc. KS reduced its stake in Walmart Inc. (NYSE: WMT – Get Rating) by 1.1% in the third quarter, according to the latest Form 13F filed with the Securities and Exchange Commission. The fund owned his 186,642 shares of the retailer’s stock after he sold 2,013 shares during the quarter. Kornitzer Capital Management Inc. KS’ holdings of assets in Walmart were valued at $24,207,000 as of the latest filing with the Securities and Exchange Commission.
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Other institutional investors and hedge funds have also recently bought and sold shares in the company. YHB Investment Advisors Inc. increased his stake in Walmart by 28.5% in the third quarter. YHB Investment Advisors Inc. now owns 29,401 shares of the retailer worth $3,813,000 after purchasing an additional 6,523 shares during the period. Motco raised his stake in Walmart by 3.1% in the third quarter. Motco now owns 60,621 shares of the retailer worth $7,862,000 after purchasing an additional 1,838 of his shares during the last quarter. Strengthening Family and Communities LLC increased its stake in Walmart by 10.5% in the third quarter. After acquiring an additional 881 shares during this period, Strengthening Families & Communities LLC now owns 9,233 shares of the retailer’s stock valued at $1,197,000. Angeles Wealth Management LLC bought new stake in his Walmart worth about $226,000 in the third quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in Walmart by 9.3% in the third quarter. Vestmark Advisory Solutions Inc. now owns 29,398 shares of the retailer’s stock valued at $3,813,000 after acquiring an additional 2,491 shares during the previous quarter. 31.27% of the shares are owned by institutional investors.
Analyst Rating Change
Several research analysts have commented on the WMT stock. KeyCorp raised its price target for Walmart stock from $155.00 to $165.00 in its Wednesday, Nov. 16 report, giving the stock an “overweight” rating. Goldman Sachs Group set Walmart’s price target at $160.00 in a research report on Wednesday, November 16. MKM Partners raised Walmart’s price target from $158.00 to $171.00 in its Wednesday, Nov. 16 report, giving the company a “buy” rating. Cowen raised his price target on Walmart stock to $175.00 from $165.00 in a report on Wednesday, Nov. 16. Finally, Robert W. Baird raised Walmart’s price target from his $155.00 to $165.00 in a research report on Tuesday, Nov. 15. One investment analyst rated the stock with a sell rating, nine issued a pending rating, 18 issued a buy rating, and one assigned a strong buy rating to the company’s stock. rice field. According to MarketBeat data, Walmart’s current average rating is “moderate buy” with an average target price of $160.42.
In other Walmart news, EVP John R. Farner sold 4,375 shares of Walmart stock in a trade on Thursday, Oct. 27. The shares were sold at an average price of $140.94, giving him a total of $616,612.50. After the sale, the Executive Vice President now owns 263,809 shares of the Company’s stock valued at approximately $37,181,240.46. The deal is disclosed in documents filed with the Securities and Exchange Commission and can be accessed on his website at the SEC. In other news, CEO C Douglas Mcmillon sold 9,708 shares of the company in a transaction that took place Thursday, October 27th. The shares sold at an average price of $141.18, with a total transaction value of $1,370,575.44 for him. After the completion of the sale, the CEO now owns 1,478,337 shares of the company’s stock, valued at him $28,711,617.66. The sale was disclosed in SEC filings available at this hyperlink. EVP John R. Farner also sold 4,375 shares of Walmart in a transaction that took place Thursday, Oct. 27. The shares sold for an average of $140.94, and the total transaction value he had was $616,612.50. Following the closing of the sale, the Vice President now owns 263,809 shares of the Company’s stock valued at $37,181,240.46. Please see here for the disclosure of this sale. In the last quarter, the insider sold 8,831,902 shares of his company stock worth $1,312,822,421. 47.06% of the shares are owned by internal persons.
Walmart price performance
WMT shares climbed $0.66 in intraday trading on Friday to reach $139.49. The company’s trading volume was his 75,818 shares, with an average trading volume of his 5,304,332 shares. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77. The company has a debt to equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. The company has a 50-day moving average of $146.46 and a 200-day moving average of $137.71. The company has a market capitalization of $376.18 billion, a P/E ratio of 42.85, a P/E/G ratio of 4.35 and a beta of 0.54.
Walmart (NYSE:WMT – Get Rating) last announced quarterly earnings data on Tuesday, November 15. The retailer reported his EPS of $1.50 for the quarter, beating analyst consensus expectations of $1.32 by $0.18. The company’s revenue for the quarter he had $152.8 billion, while analyst estimates put him at $146.8 billion. Walmart’s return on equity was 19.54% and net profit margin was 1.49%. The business’ quarterly revenue increased by 8.8% compared to the same quarter last year. At the same time last year, the company earned him $1.45 in EPS. On average, equity analysts expect Walmart to post 6.08 EPS this year.
Walmart said its board of directors approved a stock repurchase program authorizing the company to repurchase $20 billion of its outstanding shares on Tuesday, November 15. This repurchase authorization allows retailers to purchase up to 5% of the shares through open market purchases. A stock buyback program usually indicates that a company’s board believes its stock is undervalued.
Walmart, Inc is a retail and wholesale business. The company offers a variety of goods and services at everyday low prices. It operates through its Walmart US, Walmart International and Sam’s Club business segments. The Walmart US segment operates as a consumer products merchandiser and operates under the Walmart, Walmart and Walmart Neighborhood Market brands, as well as his walmart.com and other e-commerce brands.
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