Walmart Inc (NYSE:WMT) Stake Lowered by Cleararc Capital Inc.

Cleararc Capital Inc. lessened its position in Walmart Inc (NYSE:WMT) by 3.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 21,896 shares of the retailer’s stock after selling 681 shares during the period. Cleararc Capital Inc.’s holdings in Walmart were worth $2,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of Walmart by 2.1% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock valued at $470,000 after purchasing an additional 97 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Walmart by 1.1% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock valued at $939,000 after purchasing an additional 100 shares in the last quarter. Home Federal Bank of Tennessee increased its holdings in shares of Walmart by 1.3% in the 1st quarter. Home Federal Bank of Tennessee now owns 8,168 shares of the retailer’s stock valued at $797,000 after purchasing an additional 105 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares in the last quarter. Finally, Pegasus Asset Management Inc. increased its holdings in shares of Walmart by 1.1% in the 4th quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock valued at $914,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 29.79% of the company’s stock.

In other Walmart news, Director S Robson Walton sold 743,824 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the sale, the director now directly owns 3,347,379 shares of the company’s stock, valued at approximately $331,457,468.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,649,023 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the sale, the insider now directly owns 8,872,375 shares in the company, valued at $877,300,440. The disclosure for this sale can be found here. Insiders have sold a total of 11,674,015 shares of company stock worth $1,172,639,093 over the last ninety days. 51.11% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on WMT shares. Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a report on Thursday, May 2nd. Citigroup increased their price target on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 21st. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Morgan Stanley set a $113.00 price target on shares of Walmart and gave the company an “overweight” rating in a report on Wednesday, February 20th. Finally, KeyCorp increased their price target on shares of Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have issued a buy rating to the company. Walmart presently has a consensus rating of “Hold” and a consensus price target of $108.26.

NYSE:WMT opened at $109.07 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. Walmart Inc has a twelve month low of $82.37 and a twelve month high of $109.59. The stock has a market cap of $311.36 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 4.78 and a beta of 0.36.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same period last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts forecast that Walmart Inc will post 4.82 EPS for the current year.

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

Further Reading: What is Depreciation?

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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