Palisade Asset Management LLC Has $3.11 Million Holdings in Walmart Inc. (NYSE:WMT)

Palisade Asset Management LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,190 shares of the retailer’s stock after buying an additional 444 shares during the quarter. Palisade Asset Management LLC’s holdings in Walmart were worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Evolution Wealth Advisors LLC boosted its stake in Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after acquiring an additional 205 shares in the last quarter. Marquette Asset Management LLC bought a new position in shares of Walmart in the second quarter valued at $34,000. Atlantic Trust LLC lifted its stake in shares of Walmart by 42.0% in the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock valued at $34,000 after buying an additional 84 shares in the last quarter. Selective Wealth Management Inc. bought a new position in shares of Walmart in the second quarter valued at $36,000. Finally, Carolina Wealth Advisors LLC lifted its stake in shares of Walmart by 57.6% in the third quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock valued at $36,000 after buying an additional 95 shares in the last quarter. 29.34% of the stock is currently owned by institutional investors and hedge funds.

In other Walmart news, SVP David Chojnowski sold 4,605 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the sale, the senior vice president now owns 30,620 shares of the company’s stock, valued at approximately $4,110,428.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $144.55, for a total value of $12,286,750.00. Following the completion of the sale, the executive vice president now directly owns 1,610,399 shares in the company, valued at approximately $232,783,175.45. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,690 shares of company stock worth $138,850,587 in the last three months. 50.43% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Goldman Sachs Group reiterated a “buy” rating and issued a $144.00 target price on shares of Walmart in a report on Tuesday, August 18th. Robert W. Baird increased their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $144.00 target price (up previously from $142.00) on shares of Walmart in a research note on Wednesday, August 19th. Raymond James increased their price target on Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley boosted their price objective on Walmart from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $141.46.

WMT traded up $0.71 during trading on Tuesday, reaching $142.87. 3,939,204 shares of the company were exchanged, compared to its average volume of 9,459,843. The company’s 50-day moving average is $140.31 and its two-hundred day moving average is $130.46. The company has a market cap of $402.85 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 4.86 and a beta of 0.27. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $102.00 and a 12-month high of $151.33.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.31. The business had revenue of $137.70 billion for the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 EPS. Equities analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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