L & S Advisors Inc cut its holdings in Walmart Inc (NYSE:WMT) by 33.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,540 shares of the retailer’s stock after selling 11,987 shares during the period. L & S Advisors Inc’s holdings in Walmart were worth $2,601,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in WMT. Qtron Investments LLC lifted its position in Walmart by 53.1% during the second quarter. Qtron Investments LLC now owns 8,988 shares of the retailer’s stock worth $993,000 after purchasing an additional 3,119 shares during the period. Bowen Hanes & Co. Inc. lifted its position in Walmart by 6.4% during the second quarter. Bowen Hanes & Co. Inc. now owns 377,322 shares of the retailer’s stock worth $41,690,000 after purchasing an additional 22,720 shares during the period. Van Cleef Asset Management Inc lifted its position in Walmart by 30.0% during the second quarter. Van Cleef Asset Management Inc now owns 3,250 shares of the retailer’s stock worth $359,000 after purchasing an additional 750 shares during the period. US Bancorp DE lifted its position in Walmart by 0.7% during the second quarter. US Bancorp DE now owns 2,485,536 shares of the retailer’s stock worth $274,627,000 after purchasing an additional 17,429 shares during the period. Finally, ETRADE Capital Management LLC lifted its position in Walmart by 11.9% during the second quarter. ETRADE Capital Management LLC now owns 4,744 shares of the retailer’s stock worth $524,000 after purchasing an additional 504 shares during the period. Institutional investors and hedge funds own 30.05% of the company’s stock.
Several research firms recently weighed in on WMT. Citigroup set a $129.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, May 22nd. Raymond James increased their target price on shares of Walmart from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. set a $115.00 target price on shares of Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $115.33.
NYSE WMT traded up $1.00 during trading hours on Friday, reaching $117.92. The company’s stock had a trading volume of 490,162 shares, compared to its average volume of 6,727,107. The firm has a fifty day simple moving average of $111.78 and a 200-day simple moving average of $105.75. The stock has a market cap of $330.08 billion, a P/E ratio of 24.02, a P/E/G ratio of 5.00 and a beta of 0.39. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $117.96. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. On average, research analysts expect that Walmart Inc will post 4.91 earnings per share for the current year.
In other Walmart news, insider John R. Furner sold 7,900 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. Insiders have sold a total of 14,580 shares of company stock valued at $1,658,306 in the last three months. Insiders own 51.11% of the company’s stock.
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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