Foster Victor Wealth Advisors LLC Buys New Holdings in Walmart Inc (NYSE:WMT)

Foster Victor Wealth Advisors LLC bought a new stake in shares of Walmart Inc (NYSE:WMT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,788 shares of the retailer’s stock, valued at approximately $210,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Walmart by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after purchasing an additional 920,813 shares during the last quarter. FMR LLC raised its position in Walmart by 0.4% during the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Walmart by 6.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after purchasing an additional 721,297 shares during the last quarter. Bank of New York Mellon Corp raised its position in Walmart by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after purchasing an additional 373,683 shares during the last quarter. Finally, Morgan Stanley raised its position in Walmart by 5.2% during the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after purchasing an additional 565,425 shares during the last quarter. Institutional investors own 30.10% of the company’s stock.

Shares of NYSE:WMT traded up $0.77 during trading on Friday, hitting $120.38. The stock had a trading volume of 419,795 shares, compared to its average volume of 5,281,826. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $119.88. The company has a market capitalization of $334.43 billion, a PE ratio of 24.49, a PEG ratio of 5.06 and a beta of 0.40. The firm’s fifty day moving average is $116.01 and its 200 day moving average is $108.44. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Walmart Inc will post 4.92 EPS for the current fiscal year.

A number of research analysts have commented on the company. Guggenheim reaffirmed a “buy” rating and set a $125.00 price target on shares of Walmart in a research report on Thursday, August 15th. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a “neutral” rating in a research report on Thursday, August 15th. Bank of America reaffirmed a “buy” rating and set a $135.00 price target (up previously from $120.00) on shares of Walmart in a research report on Friday, August 16th. Morgan Stanley upped their price target on Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Finally, Robert W. Baird upped their price target on Walmart from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $116.09.

In related news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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