Koshinski Asset Management Inc. increased its holdings in shares of Walmart Inc (NYSE:WMT) by 144.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,168 shares of the retailer’s stock after purchasing an additional 13,679 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Walmart were worth $2,176,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CSat Investment Advisory L.P. acquired a new stake in shares of Walmart during the 2nd quarter worth about $111,000. Amussen Hunsaker Associates LLC bought a new position in Walmart during the second quarter worth about $152,000. ELM Advisors LLC bought a new position in Walmart during the third quarter worth about $152,000. Berman Capital Advisors LLC bought a new position in Walmart during the third quarter worth about $158,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Walmart during the third quarter worth about $162,000. Institutional investors and hedge funds own 29.09% of the company’s stock.
A number of equities analysts recently commented on the stock. Morningstar set a $96.00 target price on shares of Walmart and gave the company a “sell” rating in a report on Thursday, November 8th. Credit Suisse Group set a $103.00 price target on shares of Walmart and gave the company a “hold” rating in a report on Thursday, November 15th. Cowen lifted their price target on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, October 29th. Deutsche Bank lifted their price target on shares of Walmart from $112.00 to $116.00 and gave the company a “buy” rating in a report on Friday, November 16th. Finally, Citigroup lifted their price target on shares of Walmart from $113.00 to $116.00 and gave the company a “buy” rating in a report on Friday, November 16th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $104.18.
Shares of NYSE:WMT traded down $0.12 during mid-day trading on Friday, hitting $94.84. The company had a trading volume of 5,284,057 shares, compared to its average volume of 7,550,278. The firm has a market capitalization of $281.10 billion, a P/E ratio of 21.46, a P/E/G ratio of 3.85 and a beta of 0.36. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Walmart Inc has a one year low of $81.78 and a one year high of $109.98.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to analyst estimates of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, analysts anticipate that Walmart Inc will post 4.83 EPS for the current fiscal year.
In other Walmart news, major shareholder Alice L. Walton sold 1,198,027 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $95.20, for a total transaction of $114,052,170.40. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $642,464,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 387,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $98.70, for a total transaction of $38,196,900.00. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. The disclosure for this sale can be found here. Insiders have sold a total of 11,818,674 shares of company stock valued at $1,122,286,815 in the last 90 days. 51.11% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Walmart Inc (NYSE:WMT) Stake Raised by Koshinski Asset Management Inc.” was reported by Fairfield Current and is owned by of Fairfield Current. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.fairfieldcurrent.com/news/2019/01/11/koshinski-asset-management-inc-has-2-18-million-stake-in-walmart-inc-wmt.html.
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.
See Also: What is an SEC Filing?
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.