Securian Asset Management Inc reduced its position in shares of Walmart Inc (NYSE:WMT) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 144,395 shares of the retailer’s stock after selling 1,360 shares during the quarter. Securian Asset Management Inc’s holdings in Walmart were worth $15,954,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. FMR LLC boosted its stake in Walmart by 14.6% during the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after purchasing an additional 3,058,978 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in Walmart by 11,482.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after purchasing an additional 2,423,276 shares in the last quarter. Geode Capital Management LLC boosted its stake in Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares in the last quarter. Railway Pension Investments Ltd bought a new position in Walmart during the 2nd quarter valued at $13,798,000. Finally, Capital Wealth Planning LLC boosted its stake in Walmart by 899.2% during the 2nd quarter. Capital Wealth Planning LLC now owns 580,637 shares of the retailer’s stock valued at $64,155,000 after purchasing an additional 522,526 shares in the last quarter. 29.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Loop Capital increased their price target on Walmart to $115.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a “neutral” rating in a research note on Thursday, August 15th. Guggenheim reaffirmed a “buy” rating and set a $125.00 price target on shares of Walmart in a research note on Thursday, August 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target (up from $118.00) on shares of Walmart in a research note on Friday. Finally, JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the company a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $114.51.
In other news, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the sale, the director now owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. Insiders sold 3,097,455 shares of company stock valued at $321,872,581 in the last 90 days. Corporate insiders own 50.22% of the company’s stock.
Shares of WMT traded down $1.07 during mid-day trading on Tuesday, reaching $112.74. The company’s stock had a trading volume of 1,968,820 shares, compared to its average volume of 6,609,143. The business has a fifty day moving average of $111.52 and a 200 day moving average of $103.85. The company has a market cap of $322.56 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 4.87 and a beta of 0.41. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $115.49. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.
Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, analysts predict that Walmart Inc will post 4.91 earnings per share for the current year.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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