MetLife Investment Advisors LLC reduced its position in shares of Walmart Inc (NYSE:WMT) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,642 shares of the retailer’s stock after selling 2,479 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Walmart were worth $39,465,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Oregon Public Employees Retirement Fund raised its position in Walmart by 2,899.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after acquiring an additional 14,058,442 shares in the last quarter. FMR LLC increased its holdings in shares of 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 purchasing an additional 3,058,978 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 1,532,362 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Walmart by 493.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock valued at $161,400,000 after purchasing an additional 1,440,922 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of 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 purchasing an additional 1,110,593 shares during the last quarter. 29.90% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Gregory S. Foran sold 74,019 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $100.00, for a total transaction of $7,401,900.00. Following the completion of the sale, the insider now owns 362,861 shares of the company’s stock, valued at $36,286,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. Insiders sold 11,674,015 shares of company stock worth $1,172,639,093 over the last 90 days. 50.22% of the stock is currently owned by corporate insiders.
WMT stock opened at $109.07 on Monday. 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 Inc has a 52 week low of $82.37 and a 52 week high of $109.59. The stock has a market capitalization of $311.36 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 4.78 and a beta of 0.36.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 EPS 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 business had revenue of $122.95 billion for the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the prior year, the company posted $1.14 earnings per share. Walmart’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Walmart Inc will post 4.82 EPS for the current year.
Several equities analysts have commented on WMT shares. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Friday, May 17th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Jefferies Financial Group upped their price objective on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Citigroup upped their price objective on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Walmart presently has an average rating of “Hold” and a consensus price target of $108.26.
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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