ProShare Advisors LLC reduced its position in Walmart Inc. (NYSE:WMT – Free Report) by 4.7% in the second quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund now owns 1,485,993 shares of the retailer’s stock after selling 74,006 shares during the period. Walmart represents 0.7% of ProShare Advisors LLC’s investment portfolio, making it the company’s 18th largest holding. ProShare Advisors LLC owned approximately 0.06% of Walmart’s shares, valued at $233,568,000, at the end of the most recent quarter.
A number of other large investors have also recently made changes to their holdings in WMT. Julius Baer Bank Zurich increased its holdings in shares of Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the company’s stock worth $129,045,359,000 after purchasing an additional 820,124,410 shares in the last quarter. Masu. Geode Capital Management LLC increased its stake in Walmart by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 25,104,994 shares of the company’s stock worth $3,691,763,000 after purchasing an additional 249,501 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of Walmart by 112,181.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the company’s stock valued at $3,240,599,000 after purchasing an additional 22,834,564 shares during the period. Morgan Stanley raised its stake in Walmart by 9.4% in the fourth quarter. Morgan Stanley now owns 22,382,688 shares of the company’s stock worth $3,173,642,000 after purchasing an additional 1,923,199 shares during the period. Finally, Norges Bank acquired a new stake in Walmart in the 4th quarter valued at $2,598,736,000. 33.18% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Share Their Opinions
WMT has been the subject of many recent research reports. Bank of America increased their target price on shares of Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. Ross Mkm increased their target price on shares of Walmart from $169.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Oppenheimer increased their target price on shares of Walmart from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. TD Cowen restated an “outperform” rating and set a $185.00 target price on shares of Walmart in a research report on Tuesday, September 5th. Finally, BMO Capital Markets lowered their target price on shares of Walmart from $180.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday. Four analysts have rated the stock as a “hold” and 28 have rated it a “buy.” The stock has a consensus rating of “fair buy” and an average price target of $179.00, according to MarketBeat data.
See the latest stock analysis for Walmart.
Insider buying and selling
In related news, EVP John D. Rainey sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total value of $164,370.00. Following the sale, the executive vice president now directly owns 167,735 shares of the company’s stock, valued at $27,570,601.95. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through this hyperlink. In other Walmart news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total transaction of $164,370.00. Following the transaction, the executive vice president now directly owns 167,735 shares of the company’s stock, valued at $27,570,601.95. The sale was disclosed in his SEC filing, available at this link. Also, CEO C Douglas McMillon sold 9,708 shares of Walmart stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $162.40, for a total transaction of $1,576,579.20. As a result of the transaction, the chief executive officer now directly owns 1,461,509 shares of the company’s stock, valued at $237,349,061.60. Disclosures regarding this sale can be found here. In the last three months, the insider sold 31,166 shares of company stock valued at his $5,066,701. Insiders own 46.51% of the company’s shares.
Walmart price performance
NYSE:WMT fell $0.69 in intraday trading on Friday to $155.35. The company’s stock traded 14,177,801 shares, compared to its average trading volume of 6,899,861 shares. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26, and a current ratio of 0.85. The company’s 50 day simple moving average is $162.21 and its 200 day simple moving average is $157.82. Walmart’s 1-year low is $136.09 and 1-year high is $169.94. The company has a market capitalization of $418.13 billion, a P/E ratio of 25.76x, a price-to-earnings ratio of 3.23x, and a beta of 0.53x.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, November 16th. The company reported earnings per share (EPS) of $1.53 for the quarter, beating the consensus estimate of $1.53. Walmart had a net profit margin of 2.55% and a return on equity of 21.20%. The company had revenue of $160.8 billion for the quarter, compared to analyst expectations of $159.65 billion. The company’s EPS for the same period last year was $1.50. The company’s revenue for the quarter increased 5.2% compared to the same period last year. Sell-side analysts expect Walmart’s EPS for this year to be 6.44.
walmart 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.
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