Tower Research Capital LLC TRC increased its holdings in shares of Walmart Inc (NYSE:WMT) by 104.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,169 shares of the retailer’s stock after purchasing an additional 14,373 shares during the period. Tower Research Capital LLC TRC’s holdings in Walmart were worth $3,344,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in WMT. Nuveen Asset Management LLC lifted its holdings in shares of Walmart by 4,405.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock valued at $1,143,946,000 after purchasing an additional 10,123,600 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Walmart by 184.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after purchasing an additional 3,015,931 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Walmart by 11,482.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after purchasing an additional 2,423,276 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Walmart by 43.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock valued at $782,423,000 after purchasing an additional 1,463,052 shares in the last quarter. Finally, Railway Pension Investments Ltd bought a new position in shares of Walmart during the 2nd quarter valued at about $13,798,000. Institutional investors and hedge funds own 30.15% of the company’s stock.
Shares of NYSE:WMT traded down $0.40 during trading on Monday, hitting $119.04. 4,438,453 shares of the company were exchanged, compared to its average volume of 6,152,669. The stock has a market cap of $338.07 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 5.11 and a beta of 0.39. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $120.92. The firm has a fifty day moving average price of $118.66 and a two-hundred day moving average price of $111.43. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. As a group, research analysts predict that Walmart Inc will post 4.92 EPS for the current year.
Several research firms have recently weighed in on WMT. Citigroup reiterated a “buy” rating and set a $135.00 price objective (up previously from $129.00) on shares of Walmart in a report on Wednesday, September 18th. UBS Group set a $115.00 target price on Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Oppenheimer boosted their target price on Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, November 4th. Finally, Nomura started coverage on Walmart in a research note on Friday. They issued a “buy” rating and a $132.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Walmart currently has a consensus rating of “Buy” and a consensus price target of $118.41.
In other Walmart news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by insiders.
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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