Flippin Bruce & Porter Inc. increased its stake in Walmart Inc (NYSE:WMT) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,880 shares of the retailer’s stock after acquiring an additional 2,356 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Walmart were worth $8,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new stake in Walmart in the second quarter valued at $111,000. Amussen Hunsaker Associates LLC purchased a new stake in Walmart during the 2nd quarter valued at about $152,000. ELM Advisors LLC purchased a new stake in Walmart during the 3rd quarter valued at about $152,000. Berman Capital Advisors LLC purchased a new stake in Walmart during the 3rd quarter valued at about $158,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Walmart during the 3rd quarter valued at about $162,000. Institutional investors own 29.37% of the company’s stock.

Shares of Walmart stock opened at $97.69 on Monday. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The company has a current ratio of 0.81, a quick ratio of 0.34 and a debt-to-equity ratio of 0.63. The firm has a market cap of $289.40 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 4.04 and a beta of 0.35.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The company had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. On average, research analysts forecast that Walmart Inc will post 4.79 EPS for the current year.

In related news, Director S Robson Walton sold 1,276,062 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $95.19, for a total value of $121,468,341.78. Following the completion of the sale, the director now owns 4,147,254 shares in the company, valued at $394,777,108.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 525,008 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $95.34, for a total transaction of $50,054,262.72. Following the completion of the sale, the insider now owns 8,748,580 shares of the company’s stock, valued at approximately $834,089,617.20. The disclosure for this sale can be found here. Insiders have sold a total of 8,433,931 shares of company stock worth $803,955,004 over the last three months. 51.11% of the stock is currently owned by insiders.

Several brokerages recently issued reports on WMT. Stifel Nicolaus reaffirmed a “neutral” rating and set a $95.00 price objective on shares of Walmart in a research note on Friday, August 17th. Stephens set a $117.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday. Deutsche Bank increased their price target on shares of Walmart from $112.00 to $116.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley reissued a “neutral” rating and issued a $107.00 price target on shares of Walmart in a research note on Friday. Finally, Telsey Advisory Group raised their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Walmart has a consensus rating of “Hold” and an average price target of $104.13.

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About Walmart

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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