Fort Washington Investment Advisors Inc. of Ohio reduced its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 40.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The company now owns 191,999 shares of the company’s stock after selling an additional 130,501 shares during the quarter. Fort Washington Investment Advisors’ holdings in Ohio’s Walmart stock were worth $30.178 million at the time of its latest SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings in the company. AMI Investment Management Inc. grew its stake in Walmart by 1.6% in the 1st quarter. AMI Investment Management Inc. now owns 8,269 shares of the company’s stock valued at $1,231,000 after acquiring an additional 132 shares during the period. Zions Bancorporation NA increased his holdings in shares of Walmart by 36.8% in the 1st quarter. Zions Bancorporation NA now owns 4,820 shares of the retailer’s stock valued at $718,000 after acquiring an additional 1,296 shares during the period. Covestar Inc. increased its holdings in shares of Walmart by 31.7% in the 1st quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock valued at $173,000 after acquiring an additional 280 shares during the period. Ergoteles LLC increased its holdings in shares of Walmart by 123.9% in the 1st quarter. Ergoteles LLC now owns 10,566 shares of the company’s stock worth $1,573,000 after acquiring an additional 5,847 shares during the period. Finally, Mackenzie Financial Corp. increased its holdings in shares of Walmart by 1.7% in the 1st quarter. Mackenzie Financial Corporation now owns 857,839 shares of the company’s stock worth $127,749,000 after acquiring an additional 13,985 shares during the period. Institutional investors and hedge funds own 33.18% of the company’s stock.
Analyst upgrades and downgrades
Many research analysts have published reports on WMT stock. Barclays increased their target price on Walmart from $162.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Guggenheim increased their target price on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Morgan Stanley increased their target price on Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. HSBC began coverage on Walmart in a research report on Friday, September 22nd. They gave the company a “buy” rating and a target price of $200.00. Finally, Credit Suisse Group increased their target price on Walmart from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. 4 analysts have rated the stock with a hold rating, 30 have rated it a buy, and 1 has given a strong buy rating to the stock. Based on MarketBeat data, the company has an average rating of “Moderate Buy” and an average price target of $177.22.
See our latest analysis for Walmart
Walmart price performance
NYSE WMT stock opened Friday at $159.83. The stock’s 50-day moving average is $160.63 and its 200-day moving average is $155.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83, and a quick ratio of 0.26. Walmart’s 1-year low is $130.05 and 1-year high is $165.85. The company has a market capitalization of $430.19 billion, a price-to-earnings ratio of 30.74x, a price-to-earnings ratio of 3.68x, and a beta of 0.49x.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, August 17th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. Walmart’s return on equity was 21.47% and its net profit margin was 2.23%. The business had revenue of $161.63 billion for the quarter, compared to the consensus estimate of $160.22 billion. His EPS for the same business in the same period last year was $1.77. The business’s revenue for the quarter increased 5.7% year over year. Analysts expect Walmart’s EPS for the current quarter to be 6.44.
Insider activity
In other news, EVP John R. Furner sold 4,375 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $159.24, for a total value of $696,675.00. Following the transaction, the executive vice president now owns 277,868 shares of the company’s stock, valued at approximately $44,247,700.32. The transaction was disclosed in his SEC filing, which is available at this hyperlink. In other news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $159.50, for a total sale of $159,500.00. Following the transaction, the executive vice president now owns 168,735 shares of the company’s stock, valued at approximately $26,913,232.50. The transaction was disclosed in his SEC filing, which is available at this hyperlink. Also, Vice President John R. Furner sold 4,375 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $159.24, for a total value of $696,675.00. Following the closing, the executive vice president will now own 277,868 shares of the company’s stock, valued at approximately $44,247,700.32. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 31,166 shares of company stock, valued at $5,011,557. 46.51% of the shares are currently owned by insiders.
About Walmart
(Free report)
Walmart Inc is engaged in retail, wholesale, and other segment operations throughout the world. The company operates through three segments: Walmart US, Walmart International, and Sam’s Club. The company operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores, and discount stores under the Walmart and Walmart Neighborhood Market brands. A members-only warehouse club. E-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com. and mobile commerce applications.
References
Curious if other hedge funds own WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Walmart Inc. (NYSE:WMT – Free Report).
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