Inverness Counsel LLC NY Has $37.09 Million Stake in Walmart Inc (NYSE:WMT)

Inverness Counsel LLC NY increased its holdings in Walmart Inc (NYSE:WMT) by 36.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 312,098 shares of the retailer’s stock after buying an additional 82,985 shares during the period. Walmart makes up 1.8% of Inverness Counsel LLC NY’s holdings, making the stock its 21st largest holding. Inverness Counsel LLC NY’s holdings in Walmart were worth $37,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter worth about $26,000. Corbenic Partners LLC acquired a new stake in shares of Walmart in the 4th quarter worth about $27,000. Knuff & Co LLC acquired a new stake in shares of Walmart in the 3rd quarter worth about $36,000. Shine Investment Advisory Services Inc. raised its holdings in shares of Walmart by 181.7% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock worth $36,000 after acquiring an additional 198 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC raised its holdings in shares of Walmart by 232.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock worth $43,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 30.40% of the company’s stock.

WMT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Friday, January 3rd. Oppenheimer upped their price objective on shares of Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a research report on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and issued a $135.00 price objective (up from $125.00) on shares of Walmart in a research report on Thursday, November 14th. Nomura reduced their price objective on shares of Walmart from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, UBS Group upped their price objective on shares of Walmart from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.51.

In other news, EVP Judith J. Mckenna sold 8,300 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the sale, the executive vice president now owns 216,811 shares in the company, valued at approximately $25,846,039.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $120.57, for a total value of $10,248,450.00. Following the sale, the executive vice president now owns 2,808,295 shares of the company’s stock, valued at approximately $338,596,128.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,300 shares of company stock valued at $21,090,243. 50.22% of the stock is currently owned by corporate insiders.

Shares of WMT stock traded down $0.41 on Tuesday, reaching $114.84. 483,511 shares of the company’s stock traded hands, compared to its average volume of 5,463,502. Walmart Inc has a 12-month low of $95.64 and a 12-month high of $125.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.20 and a current ratio of 0.81. The company has a market capitalization of $330.39 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 4.52 and a beta of 0.36. The business’s 50 day moving average price is $116.75 and its two-hundred day moving average price is $116.52.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The business had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts predict that Walmart Inc will post 4.98 earnings per share for the current year.

Walmart Profile

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.

Further Reading: How to Invest in the Dividend Aristocrat Index

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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.