Calamos Wealth Management LLC Buys 658 Shares of Walmart Inc. (NYSE:WMT)

Calamos Wealth Management LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,665 shares of the retailer’s stock after acquiring an additional 658 shares during the period. Walmart accounts for about 1.0% of Calamos Wealth Management LLC’s holdings, making the stock its 18th biggest position. Calamos Wealth Management LLC’s holdings in Walmart were worth $9,047,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Evolution Wealth Advisors LLC lifted its stake in Walmart by 640.6% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock valued at $28,000 after acquiring an additional 205 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of Walmart in the second quarter valued at about $34,000. Atlantic Trust LLC grew its position 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 purchasing an additional 84 shares during the last quarter. Selective Wealth Management Inc. acquired a new stake in shares of Walmart in the second quarter valued at about $36,000. Finally, Carolina Wealth Advisors LLC grew its position 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 purchasing an additional 95 shares during the last quarter. 29.34% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total value of $10,983,700.00. Following the completion of the sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total value of $103,186,062.00. Following the completion of the sale, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is owned by company insiders.

WMT stock traded up $0.71 during trading on Tuesday, reaching $142.87. 3,849,368 shares of the stock traded hands, compared to its average volume of 9,459,843. The business’s 50 day moving average price is $140.30 and its 200-day moving average price is $130.56. Walmart Inc. has a 52-week low of $102.00 and a 52-week high of $151.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29. The firm has a market capitalization of $404.86 billion, a PE ratio of 22.79, a P/E/G ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same quarter in the previous year, the business earned $1.27 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 5.35 earnings per share for the current year.

Several brokerages have recently issued reports on WMT. BMO Capital Markets raised their price target on Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. They noted that the move was a valuation call. Jefferies Financial Group started coverage on Walmart in a research report on Friday, October 16th. They issued a “buy” rating and a $165.00 price target on the stock. DA Davidson started coverage on Walmart in a research report on Friday, August 14th. They set a “buy” rating and a $148.00 target price on the stock. MKM Partners started coverage on Walmart in a research report on Wednesday, July 29th. They set a “neutral” rating and a $147.00 target price on the stock. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $157.50 target price on the stock in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $141.46.

Walmart 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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