Intellectus Partners LLC Lowers Stake in Walmart Inc (WMT)

Intellectus Partners LLC reduced its stake in shares of Walmart Inc (NYSE:WMT) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,671 shares of the retailer’s stock after selling 687 shares during the period. Intellectus Partners LLC’s holdings in Walmart were worth $1,002,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of WMT. Putnam Investments LLC lifted its position in Walmart by 836.2% during the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after purchasing an additional 4,922,857 shares during the period. Renaissance Technologies LLC lifted its position in Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after purchasing an additional 3,105,600 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new position in Walmart during the second quarter valued at $265,661,000. BlackRock Inc. lifted its position in 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 period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Walmart by 105.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,370,190 shares of the retailer’s stock valued at $213,047,000 after purchasing an additional 1,215,122 shares during the period. Institutional investors and hedge funds own 29.10% of the company’s stock.

A number of research analysts recently issued reports on WMT shares. JPMorgan Chase & Co. boosted their target price on shares of Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. Deutsche Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their target price for the company from $89.00 to $113.00 in a research report on Tuesday, October 9th. KeyCorp boosted their target price on shares of Walmart from $107.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, November 16th. BMO Capital Markets initiated coverage on shares of Walmart in a report on Monday, September 17th. They issued an “outperform” rating and a $110.00 price objective for the company. Finally, Cowen lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.04.

WMT stock opened at $91.85 on Friday. The stock has a market cap of $275.38 billion, a PE ratio of 20.78, a P/E/G ratio of 3.79 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The business had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, equities analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.

In other news, Director S Robson Walton sold 1,573,840 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $93.81, for a total transaction of $147,641,930.40. Following the completion of the sale, the director now owns 3,347,254 shares of the company’s stock, valued at $314,005,897.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 729,469 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $93.99, for a total transaction of $68,562,791.31. Following the sale, the insider now directly owns 10,557,224 shares of the company’s stock, valued at approximately $992,273,483.76. The disclosure for this sale can be found here. Insiders have sold 13,032,416 shares of company stock valued at $1,244,287,839 in the last three months. Corporate insiders own 51.11% of the company’s stock.

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Walmart 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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