Rothschild Investment Corp IL decreased its position in Walmart Inc (NYSE:WMT) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,054 shares of the retailer’s stock after selling 1,200 shares during the period. Rothschild Investment Corp IL’s holdings in Walmart were worth $3,855,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. CSat Investment Advisory L.P. acquired a new stake in shares of Walmart during the second quarter worth $111,000. Amussen Hunsaker Associates LLC acquired a new stake in shares of Walmart during the second quarter worth $152,000. ELM Advisors LLC acquired a new stake in shares of Walmart during the third quarter worth $152,000. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Walmart during the second quarter worth $165,000. Finally, MinichMacGregor Wealth Management LLC raised its position in shares of Walmart by 56.0% during the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after purchasing an additional 629 shares during the period. Institutional investors and hedge funds own 29.32% of the company’s stock.
In related news, major shareholder Alice L. Walton sold 286,762 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $96.17, for a total transaction of $27,577,901.54. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $649,010,938.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 881,158 shares of the stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $97.60, for a total value of $86,001,020.80. Following the sale, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $326,691,990.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently issued reports on WMT shares. Telsey Advisory Group boosted their target price on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, August 17th. Argus set a $112.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Goldman Sachs Group set a $101.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Friday, September 14th. Morgan Stanley reaffirmed a “neutral” rating and set a $98.00 target price on shares of Walmart in a research report on Thursday, October 4th. Finally, Royal Bank of Canada set a $101.00 target price on Walmart and gave the stock a “neutral” rating in a research report on Monday, September 3rd. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Walmart has an average rating of “Buy” and a consensus target price of $102.83.
WMT opened at $96.17 on Friday. The stock has a market cap of $278.20 billion, a PE ratio of 21.76, a P/E/G ratio of 3.30 and a beta of 0.52. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $109.98. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.07. The company had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. On average, equities research analysts forecast that Walmart Inc will post 4.81 earnings per share for the current year.
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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