Gabelli Funds LLC Has $8.30 Million Position in Walmart Inc. (NYSE:WMT)

Gabelli Funds LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,775 shares of the retailer’s stock after selling 450 shares during the quarter. Gabelli Funds LLC’s holdings in Walmart were worth $8,295,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WMT. Inspirion Wealth Advisors LLC boosted its holdings in shares of Walmart by 7.8% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 2,071 shares of the retailer’s stock valued at $326,000 after purchasing an additional 150 shares in the last quarter. LMG Wealth Partners LLC boosted its holdings in shares of Walmart by 1.3% in the 2nd quarter. LMG Wealth Partners LLC now owns 66,651 shares of the retailer’s stock valued at $10,476,000 after purchasing an additional 858 shares in the last quarter. Avitas Wealth Management LLC boosted its holdings in shares of Walmart by 0.7% in the 2nd quarter. Avitas Wealth Management LLC now owns 51,561 shares of the retailer’s stock valued at $8,104,000 after purchasing an additional 350 shares in the last quarter. WJ Interests LLC acquired a new stake in shares of Walmart in the 2nd quarter valued at $247,000. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of Walmart by 15.0% in the 2nd quarter. Legacy Capital Group California Inc. now owns 7,065 shares of the retailer’s stock valued at $1,111,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $155.30 on Tuesday. Walmart Inc. has a twelve month low of $136.09 and a twelve month high of $169.94. The stock’s 50 day moving average price is $162.03 and its 200-day moving average price is $157.90. The company has a market capitalization of $418.00 billion, a PE ratio of 25.75, a PEG ratio of 3.23 and a beta of 0.53. The company has a quick ratio of 0.26, a current ratio of 0.85 and a debt-to-equity ratio of 0.49.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The firm had revenue of $160.80 billion for the quarter, compared to the consensus estimate of $159.65 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 6.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised their target price on Walmart from $173.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 18th. Sanford C. Bernstein raised their target price on Walmart from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, August 18th. The Goldman Sachs Group increased their price target on Walmart from $176.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. HSBC initiated coverage on Walmart in a research note on Friday, September 22nd. They issued a “buy” rating and a $200.00 price target for the company. Finally, Roth Mkm increased their price target on Walmart from $169.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Four investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $159.50, for a total value of $159,500.00. Following the transaction, the executive vice president now owns 168,735 shares in the company, valued at approximately $26,913,232.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $159.50, for a total value of $159,500.00. Following the sale, the executive vice president now owns 168,735 shares of the company’s stock, valued at approximately $26,913,232.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $162.40, for a total transaction of $1,576,579.20. Following the completion of the sale, the chief executive officer now directly owns 1,461,509 shares in the company, valued at approximately $237,349,061.60. The disclosure for this sale can be found here. Insiders have sold 31,166 shares of company stock worth $5,066,701 in the last 90 days. Insiders own 46.51% of the company’s stock.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.