Versant Capital Management Inc Has $788,000 Holdings in Walmart Inc. (NYSE:WMT)

Versant Capital Management Inc lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 74.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,761 shares of the retailer’s stock after purchasing an additional 4,152 shares during the period. Versant Capital Management Inc’s holdings in Walmart were worth $788,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc lifted its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC boosted 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 last quarter. Cultivar Capital Inc. acquired a new stake in Walmart during the 2nd quarter worth $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $30,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of WMT opened at $79.13 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $75.48 and its 200 day simple moving average is $68.26. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The company has a market cap of $636.07 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 4.05 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the transaction, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,337,670 shares of company stock valued at $958,267,937. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. UBS Group boosted their target price on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Finally, 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 report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $81.62.

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.