BlueMountain Capital Management LLC Takes $5.96 Million Position in Walmart Inc (WMT)

BlueMountain Capital Management LLC purchased a new stake in Walmart Inc (NYSE:WMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,584 shares of the retailer’s stock, valued at approximately $5,960,000.

A number of other institutional investors also recently made changes to their positions in the business. Burney Co. grew its position in shares of Walmart by 6.3% during the second quarter. Burney Co. now owns 97,615 shares of the retailer’s stock worth $8,361,000 after acquiring an additional 5,752 shares during the last quarter. Capital Wealth Planning LLC grew its position in shares of Walmart by 40.2% during the second quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock worth $2,831,000 after acquiring an additional 9,475 shares during the last quarter. Captrust Financial Advisors grew its position in Walmart by 9.9% in the 2nd quarter. Captrust Financial Advisors now owns 40,345 shares of the retailer’s stock valued at $3,456,000 after buying an additional 3,625 shares during the last quarter. Korea Investment CORP grew its position in Walmart by 1.5% in the 2nd quarter. Korea Investment CORP now owns 1,224,419 shares of the retailer’s stock valued at $104,871,000 after buying an additional 18,000 shares during the last quarter. Finally, Commonwealth Bank of Australia grew its position in Walmart by 6.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 601,756 shares of the retailer’s stock valued at $51,345,000 after buying an additional 35,414 shares during the last quarter. Institutional investors own 29.43% of the company’s stock.

A number of equities analysts recently weighed in on WMT shares. UBS Group lifted their price objective on shares of Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Stephens set a $115.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Wells Fargo & Co reiterated a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a research report on Thursday, August 16th. Finally, Morgan Stanley reiterated a “neutral” rating and issued a $93.00 price objective on shares of Walmart in a research report on Wednesday, June 13th. Twenty investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Walmart presently has a consensus rating of “Hold” and a consensus price target of $100.95.

Walmart stock opened at $94.59 on Friday. Walmart Inc has a one year low of $77.50 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. The firm has a market capitalization of $284.30 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter last year, the company earned $1.08 earnings per share. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts predict that Walmart Inc will post 4.8 earnings per share for the current year.

In other news, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 600,000 shares of Walmart stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $96.92, for a total value of $58,152,000.00. Following the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at approximately $324,415,857.68. The disclosure for this sale can be found here. In the last three months, insiders sold 6,730,786 shares of company stock valued at $632,528,709. 51.11% of the stock is owned by corporate insiders.

About Walmart

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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