Accent Capital Management LLC Acquires 13,451 Shares of Walmart Inc. (NYSE:WMT)

Accent Capital Management LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 182.6% during the third quarter, HoldingsChannel reports. The firm owned 20,816 shares of the retailer’s stock after buying an additional 13,451 shares during the period. Walmart comprises 1.0% of Accent Capital Management LLC’s portfolio, making the stock its 20th biggest holding. Accent Capital Management LLC’s holdings in Walmart were worth $1,681,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Investment Advisory Group LLC boosted its position in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares in the last quarter. Jag Capital Management LLC lifted its stake in shares of Walmart by 1.4% during the 3rd quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after purchasing an additional 132 shares during the last quarter. Professional Financial Advisors LLC grew its stake in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC raised its holdings in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after purchasing an additional 137 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after buying an additional 137 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $84.25 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company’s fifty day moving average price is $81.29 and its 200 day moving average price is $72.88. The company has a market capitalization of $677.22 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. On average, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. increased their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $85.18.

About Walmart

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.