Anchor Capital Advisors LLC reduced its position in Walmart Inc (NYSE:WMT) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,742 shares of the retailer’s stock after selling 6,547 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Walmart were worth $13,968,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Walmart by 1.9% during the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after purchasing an additional 1,660,543 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Walmart by 1.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock valued at $881,168,000 after purchasing an additional 148,000 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Walmart by 3.4% during the third quarter. Fisher Asset Management LLC now owns 9,931,750 shares of the retailer’s stock valued at $932,691,000 after purchasing an additional 323,377 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Walmart by 1.6% during the third quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock valued at $696,182,000 after purchasing an additional 117,333 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Walmart by 2.0% during the second quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after purchasing an additional 109,700 shares during the last quarter. 29.42% of the stock is owned by hedge funds and other institutional investors.
WMT has been the subject of several recent research reports. MKM Partners lowered their target price on Walmart from $107.00 to $105.00 in a report on Monday, October 22nd. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of Walmart in a report on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Argus set a $112.00 target price on Walmart and gave the company a “buy” rating in a report on Friday, August 17th. Finally, Citigroup upped their target price on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 17th. Eighteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $103.16.
WMT opened at $103.33 on Wednesday. The company has a market capitalization of $300.21 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.19 and a beta of 0.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $109.98.
Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. The firm 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 for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, analysts predict that Walmart Inc will post 4.77 EPS for the current fiscal year.
In other Walmart news, Director S Robson Walton sold 807,654 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $94.46, for a total value of $76,290,996.84. Following the completion of the sale, the director now directly owns 3,347,254 shares in the company, valued at $316,181,612.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 286,762 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $96.17, for a total value of $27,577,901.54. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $649,010,938.60. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock valued at $976,228,654 over the last 90 days. 51.11% of the stock is currently owned by insiders.
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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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