Gabelli Funds LLC Has $10.81 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Gabelli Funds LLC decreased its position in Walmart Inc. (NYSE:WMT) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,600 shares of the retailer’s stock after selling 510 shares during the period. Gabelli Funds LLC’s holdings in Walmart were worth $10,807,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth $25,000. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in Walmart in the second quarter worth about $29,000. Finally, Able Wealth Management LLC bought a new position in Walmart during the fourth quarter worth about $30,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.6 %

WMT opened at $80.33 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.02. The company has a market cap of $646.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $73.65 and a 200 day simple moving average of $67.02.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WMT shares. Melius Research initiated coverage on Walmart in a research note on Monday. They issued a “buy” rating and a $95.00 price objective on the stock. HSBC increased their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Stifel Nicolaus boosted their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Bank of America increased their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.76.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the sale, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,369,039 shares of company stock worth $959,826,083. Insiders own 45.58% of the company’s stock.

About Walmart

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.