Anchor Capital Advisors LLC decreased its stake in shares of Walmart Inc (NYSE:WMT) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,742 shares of the retailer’s stock after selling 6,547 shares during the period. Anchor Capital Advisors LLC’s holdings in Walmart were worth $13,968,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Greatmark Investment Partners Inc. increased its position in Walmart by 9.5% during the third quarter. Greatmark Investment Partners Inc. now owns 18,474 shares of the retailer’s stock worth $1,735,000 after buying an additional 1,600 shares in the last quarter. Moody National Bank Trust Division increased its position in Walmart by 875.7% during the third quarter. Moody National Bank Trust Division now owns 138,683 shares of the retailer’s stock worth $13,024,000 after buying an additional 124,470 shares in the last quarter. Financial Advantage Inc. increased its position in Walmart by 0.7% during the third quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock worth $7,561,000 after buying an additional 546 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Walmart by 5.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,216,403 shares of the retailer’s stock valued at $114,233,000 after purchasing an additional 61,335 shares during the period. Finally, 1ST Source Bank grew its position in shares of Walmart by 7.0% in the third quarter. 1ST Source Bank now owns 17,850 shares of the retailer’s stock valued at $1,677,000 after purchasing an additional 1,170 shares during the period. 29.42% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on WMT shares. MKM Partners lowered their price objective on Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Walmart in a research report on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Finally, Citigroup lifted their price objective on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.16.
In other Walmart news, major shareholder Jim C. Walton sold 2,009,792 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the transaction, the insider now owns 10,557,224 shares in the company, valued at $999,030,107.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the transaction, the director now owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is owned by company insiders.
WMT stock opened at $103.33 on Wednesday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The stock has a market cap of $300.21 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.19 and a beta of 0.35.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc will post 4.77 earnings per share 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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