Abner Herrman & Brock LLC grew its position in shares of Walmart Inc (NYSE:WMT) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 181,896 shares of the retailer’s stock after purchasing an additional 1,392 shares during the period. Walmart comprises 3.1% of Abner Herrman & Brock LLC’s investment portfolio, making the stock its 8th largest position. Abner Herrman & Brock LLC’s holdings in Walmart were worth $16,944,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of WMT. Cornerstone Advisors Inc. boosted its stake in shares of Walmart by 32.1% during the 3rd quarter. Cornerstone Advisors Inc. now owns 906 shares of the retailer’s stock worth $85,000 after acquiring an additional 220 shares in the last quarter. CSat Investment Advisory L.P. bought a new stake in shares of Walmart during the 2nd quarter worth $111,000. Amussen Hunsaker Associates LLC bought a new stake in shares of Walmart during the 2nd quarter worth $152,000. ELM Advisors LLC bought a new stake in shares of Walmart during the 3rd quarter worth $152,000. Finally, Berman Capital Advisors LLC bought a new stake in shares of Walmart during the 3rd quarter worth $158,000. Institutional investors own 29.09% of the company’s stock.
NYSE WMT traded up $0.20 during trading on Friday, hitting $95.16. 203,154 shares of the company traded hands, compared to its average volume of 8,514,671. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $109.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. The firm has a market cap of $281.10 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 3.85 and a beta of 0.36.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a return on equity of 18.36% and a net margin of 1.01%. The company had revenue of $124.89 billion for the quarter, compared to analyst estimates of $124.86 billion. On average, equities analysts expect that Walmart Inc will post 4.83 EPS for the current year.
WMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. set a $103.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Thursday, September 13th. Goldman Sachs Group set a $101.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Friday, September 14th. BMO Capital Markets initiated coverage on Walmart in a research report on Monday, September 17th. They issued an “outperform” rating and a $110.00 target price for the company. Morgan Stanley reaffirmed a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research report on Thursday, October 4th. Finally, Deutsche Bank raised Walmart from a “hold” rating to a “buy” rating and raised their target price for the stock from $89.00 to $113.00 in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Walmart has an average rating of “Buy” and a consensus price target of $104.18.
In other news, Director S Robson Walton sold 1,281,814 shares of Walmart stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $97.71, for a total value of $125,246,045.94. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at $327,060,188.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 387,000 shares of Walmart stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $98.70, for a total value of $38,196,900.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $666,084,846. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,818,674 shares of company stock worth $1,122,286,815. Corporate insiders own 51.11% of the company’s stock.
Walmart Company Profile
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
Featured Article: Backdoor Roth IRA
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).