Merrion Investment Management Co LLC Buys 500 Shares of Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Merrion Investment Management Co LLC grew its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 16.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,500 shares of the retailer’s stock after buying an additional 500 shares during the quarter. Merrion Investment Management Co LLC’s holdings in Walmart were worth $283,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter worth about $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter valued at approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $30,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,670 shares of company stock valued at $958,267,937 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT opened at $79.61 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $639.93 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 4.03 and a beta of 0.51. The firm’s fifty day moving average price is $76.32 and its two-hundred day moving average price is $68.68.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping 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 analysts’ expectations of $168.56 billion. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMT. Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their target price on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. TD Cowen upped their price target on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. DA Davidson raised their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Guggenheim upped their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $81.96.

Check Out Our Latest Stock Analysis on Walmart

Walmart Profile

(Free Report)

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.

See Also

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