Advisory Services Network LLC reduced its stake in Walmart Inc (NYSE:WMT) by 5.6% in the first quarter, HoldingsChannel.com reports. The fund owned 45,688 shares of the retailer’s stock after selling 2,708 shares during the quarter. Advisory Services Network LLC’s holdings in Walmart were worth $4,456,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc boosted its stake in Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares during the period. FMR LLC boosted its stake in Walmart by 14.6% in the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after acquiring an additional 3,058,978 shares during the period. Geode Capital Management LLC boosted its stake in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Northern Trust Corp boosted its stake in Walmart by 1.8% in the fourth quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock valued at $1,639,326,000 after acquiring an additional 310,609 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Walmart by 2,899.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after acquiring an additional 14,058,442 shares during the period. Institutional investors own 29.79% of the company’s stock.
A number of equities analysts have commented on WMT shares. Gordon Haskett upgraded Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 target price for the company in a research note on Friday, May 17th. Citigroup lifted their price target on Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Thursday, February 21st. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, Barclays reaffirmed a “buy” rating and set a $113.00 price target on shares of Walmart in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $108.26.
In related news, insider Gregory S. Foran sold 74,019 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $100.00, for a total transaction of $7,401,900.00. Following the sale, the insider now owns 362,861 shares of the company’s stock, valued at $36,286,100. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Chojnowski sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,674,015 shares of company stock worth $1,172,639,093. 51.11% of the stock is owned by corporate insiders.
Shares of NYSE:WMT opened at $109.07 on Monday. Walmart Inc has a 12 month low of $82.37 and a 12 month high of $109.59. The company has a market cap of $311.36 billion, a P/E ratio of 22.21, a PEG ratio of 4.78 and a beta of 0.36. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc will post 4.82 earnings per share for the current fiscal year.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
Further Reading: Cost of Capital
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