Lowe Brockenbrough & Co. Inc. lowered its position in shares of Walmart Inc (NYSE:WMT) by 0.5% in the first quarter, Holdings Channel reports. The fund owned 68,717 shares of the retailer’s stock after selling 318 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Walmart were worth $6,702,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in WMT. Vanguard Group Inc lifted its stake in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after buying an additional 1,110,593 shares during the last quarter. Trust Co. of Vermont increased its position in Walmart by 5.3% during the 4th quarter. Trust Co. of Vermont now owns 13,112 shares of the retailer’s stock worth $1,222,000 after buying an additional 657 shares during the period. Bingham Osborn & Scarborough LLC increased its position in Walmart by 15.8% during the 4th quarter. Bingham Osborn & Scarborough LLC now owns 4,596 shares of the retailer’s stock worth $428,000 after buying an additional 628 shares during the period. Valeo Financial Advisors LLC increased its position in Walmart by 16.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 34,998 shares of the retailer’s stock worth $3,260,000 after buying an additional 4,901 shares during the period. Finally, Cedar Capital LLC increased its position in Walmart by 40.2% during the 4th quarter. Cedar Capital LLC now owns 7,902 shares of the retailer’s stock worth $736,000 after buying an additional 2,264 shares during the period. 29.90% of the stock is owned by hedge funds and other institutional investors.
Walmart stock opened at $109.07 on Monday. Walmart Inc has a 12-month low of $82.37 and a 12-month high of $109.59. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $311.36 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 4.78 and a beta of 0.36.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same period last year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc will post 4.82 earnings per share for the current fiscal year.
Several research firms have weighed in on WMT. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Thursday, May 16th. Bank of America set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Friday, May 17th. Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. UBS Group raised their price target on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, Jefferies Financial Group raised their price target on Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $108.26.
In related news, major shareholder Alice L. Walton sold 1,649,023 shares of Walmart stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $98.88, for a total value of $163,055,394.24. Following the transaction, the insider now directly owns 8,872,375 shares of the company’s stock, valued at $877,300,440. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 737,813 shares of Walmart stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $105.28, for a total value of $77,676,952.64. The disclosure for this sale can be found here. Insiders have sold 11,674,015 shares of company stock worth $1,172,639,093 over the last three months. Insiders own 50.22% of the company’s stock.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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