Welch Group LLC reduced its holdings in Walmart Inc (NYSE:WMT) by 12.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623 shares of the retailer’s stock after selling 361 shares during the quarter. Welch Group LLC’s holdings in Walmart were worth $311,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in WMT. Vanguard Group Inc. boosted its position in Walmart by 0.7% during the second quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after purchasing an additional 920,813 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Walmart by 6.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after purchasing an additional 721,297 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Walmart by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after purchasing an additional 373,683 shares during the last quarter. Morgan Stanley boosted its position in Walmart by 5.2% during the second quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after purchasing an additional 565,425 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Walmart by 2.7% during the third quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after purchasing an additional 284,748 shares during the last quarter. Institutional investors own 30.15% of the company’s stock.
In other Walmart news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction 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 firm’s stock in a transaction 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 currently owned by company insiders.
Shares of NYSE WMT traded down $0.40 during trading hours on Monday, reaching $119.04. 4,438,453 shares of the stock were exchanged, compared to its average volume of 6,152,669. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $120.92. The stock’s fifty day simple moving average is $118.66 and its 200 day simple moving average is $111.43.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The company 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 firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. Research analysts predict that Walmart Inc will post 4.92 EPS for the current fiscal year.
A number of analysts have recently issued reports on WMT shares. Buckingham Research set a $109.00 price objective on Walmart and gave the company a “hold” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Walmart from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday. Raymond James raised their price objective on Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating and set a $121.00 price objective for the company. in a research report on Tuesday, September 17th. Finally, ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $118.41.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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