Virtu Financial LLC raised its position in Walmart Inc (NYSE:WMT) by 395.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,815 shares of the retailer’s stock after purchasing an additional 19,004 shares during the quarter. Virtu Financial LLC’s holdings in Walmart were worth $2,237,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WMT. Putnam Investments LLC boosted its stake in Walmart by 836.2% in the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after acquiring an additional 4,922,857 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after purchasing an additional 3,105,600 shares in the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Walmart during the second quarter worth about $265,661,000. BlackRock Inc. increased its stake in shares of Walmart by 1.9% during the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Walmart during the second quarter worth about $105,485,000. 29.18% of the stock is currently owned by institutional investors.
NYSE:WMT opened at $95.81 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $289.28 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 4.03 and a beta of 0.32. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $109.98.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion for the quarter, compared to analyst estimates of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. Equities analysts expect that Walmart Inc will post 4.81 EPS for the current fiscal year.
In other Walmart news, Director S Robson Walton sold 600,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $96.92, for a total value of $58,152,000.00. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $324,415,857.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 4,026 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $97.95, for a total transaction of $394,346.70. Following the completion of the transaction, the insider now owns 53,250 shares in the company, valued at $5,215,837.50. The disclosure for this sale can be found here. Insiders sold a total of 11,407,062 shares of company stock worth $1,090,808,841 over the last quarter. 51.11% of the stock is currently owned by company insiders.
WMT has been the subject of a number of research reports. MKM Partners cut their target price on shares of Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Citigroup upped their price objective on shares of Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walmart in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.04.
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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, 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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