Nexus Investment Management Inc. Cuts Holdings in Walmart Inc (WMT)

Nexus Investment Management Inc. decreased its holdings in shares of Walmart Inc (NYSE:WMT) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 214,869 shares of the retailer’s stock after selling 1,010 shares during the period. Walmart makes up approximately 2.9% of Nexus Investment Management Inc.’s holdings, making the stock its 16th largest holding. Nexus Investment Management Inc.’s holdings in Walmart were worth $20,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in WMT. CSat Investment Advisory L.P. bought a new position in Walmart during the 2nd quarter worth $111,000. Amussen Hunsaker Associates LLC bought a new position in Walmart during the 2nd quarter worth $152,000. ELM Advisors LLC bought a new position in Walmart during the 3rd quarter worth $152,000. Kiley Juergens Wealth Management LLC bought a new position in Walmart during the 2nd quarter worth $165,000. Finally, Adviser Investments LLC increased its position in Walmart by 77.0% during the 2nd quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock worth $166,000 after buying an additional 842 shares during the period. 29.32% of the stock is owned by institutional investors and hedge funds.

In other Walmart news, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.63, for a total value of $190,186,616.96. Following the completion of the transaction, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,199,130 shares of company stock worth $976,228,654. Company insiders own 51.11% of the company’s stock.

Walmart stock opened at $95.76 on Thursday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc will post 4.81 earnings per share for the current fiscal year.

Several research firms have weighed in on WMT. Deutsche Bank upgraded Walmart from a “hold” rating to a “buy” rating and increased their price objective for the stock from $89.00 to $113.00 in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Walmart to $108.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley reiterated a “neutral” rating and set a $98.00 price objective on shares of Walmart in a research report on Thursday, October 4th. BMO Capital Markets set a $110.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Sunday, September 23rd. Finally, Goldman Sachs Group set a $101.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Friday, September 14th. Eighteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Walmart has a consensus rating of “Buy” and a consensus target price of $102.25.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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