Park Place Capital Corp Increases Stake in Walmart Inc. (NYSE:WMT)

Park Place Capital Corp raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,592 shares of the retailer’s stock after purchasing an additional 1,227 shares during the quarter. Park Place Capital Corp’s holdings in Walmart were worth $2,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tealwood Asset Management Inc. purchased a new stake in shares of Walmart during the third quarter worth $465,000. Traveka Wealth LLC lifted its holdings in Walmart by 7.0% during the 3rd quarter. Traveka Wealth LLC now owns 7,909 shares of the retailer’s stock worth $639,000 after purchasing an additional 518 shares in the last quarter. Lbmc Investment Advisors LLC boosted its stake in Walmart by 2.1% in the 3rd quarter. Lbmc Investment Advisors LLC now owns 8,483 shares of the retailer’s stock worth $685,000 after purchasing an additional 171 shares during the period. ETF Portfolio Partners Inc. purchased a new position in Walmart during the 3rd quarter valued at about $231,000. Finally, Advance Capital Management Inc. increased its position in shares of Walmart by 42.7% during the third quarter. Advance Capital Management Inc. now owns 9,698 shares of the retailer’s stock valued at $783,000 after buying an additional 2,901 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WMT shares. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. UBS Group upped their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $81.96.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the transaction, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,670 shares of company stock worth $958,267,937 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.5 %

Shares of Walmart stock traded up $0.38 on Tuesday, hitting $79.48. The stock had a trading volume of 3,530,981 shares, compared to its average volume of 17,322,133. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a one year low of $49.85 and a one year high of $81.60. The stock’s 50-day simple moving average is $75.67 and its two-hundred day simple moving average is $68.39. The stock has a market cap of $638.88 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 4.05 and a beta of 0.51.

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

Walmart Company Profile

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.