Hourglass Capital LLC Has $6.44 Million Stock Position in Walmart Inc. (NYSE:WMT)

Hourglass Capital LLC decreased its stake in Walmart Inc. (NYSE:WMT) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,718 shares of the retailer’s stock after selling 1,785 shares during the period. Walmart makes up 1.8% of Hourglass Capital LLC’s portfolio, making the stock its 23rd largest holding. Hourglass Capital LLC’s holdings in Walmart were worth $6,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp lifted its position in Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the period. Dupont Capital Management Corp lifted its holdings in shares of Walmart by 165.4% during the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares during the period. Empowered Funds LLC lifted its holdings in shares of Walmart by 307.1% during the first quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after acquiring an additional 120,919 shares during the period. WNY Asset Management LLC lifted its holdings in shares of Walmart by 194.4% during the first quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock valued at $1,372,000 after acquiring an additional 15,053 shares during the period. Finally, WMG Financial Advisors LLC lifted its holdings in shares of Walmart by 212.8% during the first quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock valued at $1,354,000 after acquiring an additional 15,303 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen lifted their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Sanford C. Bernstein assumed coverage on Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Wells Fargo & Company lifted their price target on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $84.84.

Walmart Price Performance

Walmart stock opened at $85.54 on Thursday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. 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 firm has a market capitalization of $687.59 billion, a P/E ratio of 44.47, a PEG ratio of 4.25 and a beta of 0.51. The business has a 50-day moving average of $80.82 and a 200-day moving average of $72.44.

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

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart 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.