OZK Bank reduced its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 22.6% in the second quarter, according to the company’s most recent disclosures filed with the Securities and Exchange Commission. The fund now owns 13,691 shares of the retailer’s stock after selling 3,994 shares during the period. Walmart makes up 1.0% of OZK Bank’s portfolio, making the stock its 29th largest position. OZK Bank’s holdings in Walmart stock were worth $2.152 million as of its latest filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signature Wealth Management Group increased its holdings in shares of Walmart by 1.9% in the 2nd quarter. Signature Wealth Management Group now owns 3,436 shares of the company’s stock worth $540,000 after purchasing an additional 65 shares during the last quarter. Wealth Architects LLC grew its holdings in shares of Walmart by 3.3% in the 1st quarter. Wealth Architects LLC bought an additional 66 shares during the period and he now owns 2,076 shares of the company’s stock valued at $306,000. Bluesphere Advisors LLC increased its holdings in shares of Walmart by 3.5% in the 1st quarter. Bluesphere Advisors LLC now owns 2,003 shares of the company’s stock valued at $295,000 after purchasing an additional 67 shares during the period. Worth Asset Management LLC grew its holdings in shares of Walmart by 11.3% in the 2nd quarter. Worth Asset Management LLC now owns 659 shares of the company’s stock valued at $104,000 after purchasing an additional 67 shares during the period. Finally, Glassman Wealth Services increased its holdings in shares of Walmart by 1.5% in the 1st quarter. Glassman Wealth Services Inc. now owns 4,477 shares of the company’s stock worth $660,000 after purchasing an additional 68 shares during the period. Institutional investors own 33.18% of the company’s stock.
Insider activity at Walmart
In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $159.58, for a total value of $1,549,202.64. Following the completion of the sale, the CEO now directly owns 1,480,924 shares of the company’s stock, valued at $236,325,851.92. The sale was disclosed in his SEC filing, available at this link. In other Walmart news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.48, for a total transaction of $159,480.00. Following the sale, the executive vice president now directly owns 170,735 shares of the company’s stock, valued at $27,228,817.80. The sale was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. Also, CEO C. Douglas McMillon sold 9,708 shares of Walmart stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $159.58, for a total value of $1,549,202.64. Following the completion of the transaction, the CEO now owns 1,480,924 shares of the company’s stock, valued at approximately $236,325,851.92. 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. Insiders own 46.51% of the company’s stock.
Walmart stock performance
WMT stock rose $1.63 in midday trading Tuesday to $157.47. 1,822,404 shares were exchanged, compared to average volume of 5,900,580 shares. Walmart hit a 12-month low of $128.37 and a 12-month high of $165.85. The company has a quick ratio of 0.26, a current ratio of 0.83, and a debt-to-equity ratio of 0.50. The company has a market capitalization of $423.84 billion, a P/E ratio of 29.95, a PEG ratio of 3.69, and a beta of 0.49. The stock’s 50-day simple moving average is $160.66 and its 200-day simple moving average is $155.15.
Walmart (NYSE:WMT – Get a Free Report) last posted its earnings results on Thursday, August 17th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $161.63 billion for the quarter, compared to the consensus estimate of $160.22 billion. Walmart’s return on equity was 21.47% and its net profit margin was 2.23%. The company’s revenue increased by 5.7% year-on-year. The company’s earnings per share for the same period last year were $1.77. Sell-side analysts, on average, expect Walmart to report earnings per share of $6.44 for the current fiscal year.
Wall Street Analysts Share Their Opinions
Several brokerage firms have recently published reports on WMT. StockNews.com began coverage on Walmart stock in a report on Thursday, October 5th. They issued a “strong buy” rating on the company. Royal Bank of Canada increased their target price on Walmart from $165.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Credit Suisse Group increased their target price on Walmart from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. TD Cowen reissued an “outperform” rating and set a $185.00 target price on shares of Walmart in a research note on Tuesday, September 5th. Finally, Stifel Nicolaus increased their target price on Walmart from $167.00 to $169.00 and gave the company a “hold” rating in a research note on Tuesday, September 26th. Four equity research analysts have rated the stock with a hold rating, 30 have rated it a buy, and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $177.22.
Check out the latest research report on WMT.
walmart company profile
(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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