Polaris Greystone Financial Group LLC decreased its holdings in Walmart Inc (NYSE:WMT) by 4.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 213,626 shares of the retailer’s stock after selling 10,481 shares during the period. Walmart makes up approximately 1.8% of Polaris Greystone Financial Group LLC’s portfolio, making the stock its 26th biggest position. Polaris Greystone Financial Group LLC’s holdings in Walmart were worth $23,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Clarfeld Financial Advisors LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $25,000. C J Advisory Inc acquired a new position in shares of Walmart in the 1st quarter valued at about $29,000. Financial Gravity Wealth Inc. acquired a new position in shares of Walmart in the 1st quarter valued at about $35,000. Lipe & Dalton acquired a new position in shares of Walmart in the 2nd quarter valued at about $41,000. Finally, WP Advisors LLC acquired a new position in shares of Walmart in the 1st quarter valued at about $37,000. Institutional investors own 30.04% of the company’s stock.
In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the transaction, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the transaction, the director now directly owns 3,347,511 shares in the company, valued at $341,580,022.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,559,285 shares of company stock worth $571,021,654. 50.22% of the stock is currently owned by corporate insiders.
WMT has been the topic of several research analyst reports. Jefferies Financial Group lifted their price objective on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Goldman Sachs Group started coverage on Walmart in a research report on Thursday, July 11th. They set a “buy” rating and a $123.00 price target on the stock. Morgan Stanley boosted their price target on Walmart from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Bank of America set a $120.00 price target on Walmart and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target on the stock in a research report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.56.
Shares of WMT traded down $3.19 during trading on Monday, reaching $106.21. The company’s stock had a trading volume of 5,125,964 shares, compared to its average volume of 4,298,046. The business’s fifty day moving average price is $111.91. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $115.49. The company has a market cap of $312.31 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 4.78 and a beta of 0.41. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same period in the prior year, the company posted $1.14 EPS. Walmart’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Walmart Inc will post 4.84 earnings per share for the current fiscal year.
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.
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