Raymond James Trust N.A. raised its stake in shares of Walmart Inc. (NYSE:WMT) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,589 shares of the retailer’s stock after acquiring an additional 4,385 shares during the period. Walmart makes up 0.8% of Raymond James Trust N.A.’s investment portfolio, making the stock its 27th biggest holding. Raymond James Trust N.A.’s holdings in Walmart were worth $19,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Tatro Capital LLC raised its stake in shares of Walmart by 3.5% during the 3rd quarter. Tatro Capital LLC now owns 2,209 shares of the retailer’s stock worth $309,000 after buying an additional 74 shares in the last quarter. Howland Capital Management LLC raised its stake in shares of Walmart by 3.3% during the 2nd quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after buying an additional 77 shares in the last quarter. X Square Capital LLC raised its stake in shares of Walmart by 2.6% during the 2nd quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock worth $358,000 after buying an additional 77 shares in the last quarter. BSW Wealth Partners raised its stake in shares of Walmart by 3.6% during the 2nd quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock worth $264,000 after buying an additional 77 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Walmart by 2.0% during the 2nd quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock worth $484,000 after buying an additional 80 shares in the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.

WMT has been the subject of a number of analyst reports. Wells Fargo & Company reissued a “hold” rating on shares of Walmart in a research note on Friday, July 24th. Robert W. Baird raised their price objective on Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. KeyCorp raised their price objective on Walmart from $138.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Royal Bank of Canada raised their price objective on Walmart from $132.00 to $137.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 19th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Walmart in a research note on Monday, September 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.46.

In related news, major shareholder Alice L. Walton sold 752,085 shares of Walmart 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 transaction, the insider now directly owns 11,323,580 shares in the company, valued at $1,553,595,176. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total value of $12,286,750.00. Following the completion of the transaction, the executive vice president now owns 1,610,399 shares of the company’s stock, valued at $232,783,175.45. The disclosure for this sale can be found here. Insiders sold 1,011,690 shares of company stock valued at $138,850,587 over the last quarter. Insiders own 50.43% of the company’s stock.

Shares of NYSE WMT opened at $144.71 on Friday. Walmart Inc. has a 1 year low of $102.00 and a 1 year high of $151.33. The firm has a market cap of $410.07 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 4.60 and a beta of 0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The stock’s 50-day simple moving average is $139.94 and its 200-day simple moving average is $129.14.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. During the same period in the previous year, the company earned $1.27 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 5.28 EPS 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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