Advisory Services Network LLC Decreases Holdings in Walmart Inc (NYSE:WMT)

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.

ILLEGAL ACTIVITY NOTICE: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2019/06/17/advisory-services-network-llc-decreases-holdings-in-walmart-inc-nysewmt.html.

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, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Cost of Capital

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.