1832 Asset Management LP reduced its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 85.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,706 shares of the company’s stock after selling 386,317 shares during the quarter. 1832 Asset Management LP’s holdings in Walmart were valued at $10,328,000 at the end of the most recent quarter.
Several other large investors also changed their holdings in WMT. Bank Julius Baer & Co. Ltd Zurich grew his position 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 during the last quarter. Moneta Group Investment Advisors LLC increased its position 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 worth $3,240,599,000 after purchasing an additional 22,834,564 shares during the last quarter. Norges Bank purchased a new position in shares of Walmart during the 4th quarter valued at approximately $2,598,736,000. Providence Capital Advisors LLC raised its stake in shares of Walmart by 1,164,937.0% during the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the company’s stock valued at $32 million after purchasing an additional 4,717,995 shares during the period. Finally, Boston Partners lifted its stake in shares of Walmart by 7,546.2% during the 1st quarter. Boston Partners now owns 3,166,995 shares of the company’s stock worth $467,747,000 after purchasing an additional 3,125,576 shares during the period. 33.18% of the stock is currently held by institutional investors and hedge funds.
Analyst upgrades and downgrades
Several equity analysts have recently published reports on WMT stock. Jefferies Financial Group increased their target price on shares of Walmart from $190.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Citigroup increased their target price on shares of Walmart from $174.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, August 21st. 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. Morgan Stanley lowered their target price on shares of Walmart from $170.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Finally, TD Cowen reaffirmed an “outperform” rating and set a $185.00 target price on shares of Walmart in a research note on Tuesday, September 5th. Four research analysts have rated the stock as a “hold” and 28 have rated it a “buy.” According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $179.44.
Read the latest stock analysis for Walmart
Walmart trading, down 0.9%
NYSE:WMT stock opened Friday at $154.34. The company has a market capitalization of $415.42 billion, a P/E ratio of 25.60x, a P/E ratio of 3.27x, and a beta of 0.48x. The company’s 50-day moving average price is $160.61 and its 200-day moving average price is $158.09. Walmart has a 52-week low of $136.09 and a 52-week high of $169.94. The company has a quick ratio of 0.23, a current ratio of 0.85, and a debt-to-equity ratio of 0.49.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data on Thursday, November 16th. The company reported earnings per share of $1.53 for the quarter, meeting 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 the consensus estimate of $159.65 billion. The company’s EPS for the same period last year was $1.50. Walmart’s quarterly sales increased 5.2% from the same period last year. Sell-side analysts expect Walmart to post earnings of $6.45 per share for the current fiscal year.
Insiders place bets
In other Walmart news, Director S. Robson Walton sold 885,170 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $156.13, for a total transaction of $138,201,592.10. Following the sale, the director now directly owns 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. In other news, Majority shareholder Jim C. Walton sold 420,000 shares of Walmart stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $156.04, for a total value of $65,536,800.00. Following the transaction, the insider now owns 231,514,961 shares of the company’s stock, valued at approximately $36,125,594,514.44. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Also, Director S. Robson Walton sold 885,170 shares of Walmart stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $156.13, for a total transaction of $138,201,592.10. Following the completion of the transaction, the directors will directly own 233,094,355 shares of the company’s stock, valued at approximately $36,393,021,646.15. Disclosures regarding this sale can be found here. Over the past three months, insiders have sold 2,989,089 shares of company stock, valued at $466,326,545. 46.51% of the stock is owned by company insiders.
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.
Featured Stories
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
Hear this before you consider Walmart.
Every day, MarketBeat tracks Wall Street’s highest-rated and best-performing research analysts and the stocks they recommend to their clients. MarketBeat has identified five stocks that top analysts are quietly whispering to customers to buy now before the entire market takes over…and Walmart wasn’t on that list.
Walmart currently has a Moderate Buy rating among analysts, while analysts with high ratings think these 5 stocks are better buys.
Click here to see the 5 brands
What stocks are major institutional investors like hedge funds and endowments buying in today’s market? Click the link below to receive MarketBeat’s list of the 13 stocks that institutional investors are buying up ASAP.
Get this free report