Bridgewater Associates LP Acquires New Position in Walmart Inc (WMT)

Bridgewater Associates LP acquired a new stake in Walmart Inc (NYSE:WMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 168,219 shares of the retailer’s stock, valued at approximately $14,408,000.

A number of other large investors have also added to or reduced their stakes in WMT. Bank of Montreal Can bought a new position in shares of Walmart during the second quarter worth approximately $624,899,000. Charles Schwab Investment Advisory Inc. bought a new position in shares of Walmart during the second quarter worth approximately $265,661,000. Cornerstone Wealth Management LLC increased its stake in shares of Walmart by 8,606.2% during the second quarter. Cornerstone Wealth Management LLC now owns 1,818,288 shares of the retailer’s stock worth $21,648,000 after purchasing an additional 1,797,403 shares during the period. BlackRock Inc. increased its stake in shares of Walmart by 1.9% during the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Walmart by 13.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 10,140,004 shares of the retailer’s stock worth $902,157,000 after purchasing an additional 1,237,172 shares during the period. Hedge funds and other institutional investors own 29.43% of the company’s stock.

A number of equities analysts have recently weighed in on WMT shares. Bank of America set a $98.00 target price on Walmart and gave the stock a “buy” rating in a research note on Monday, June 4th. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 price target on Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, Citigroup increased their price target on Walmart from $101.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. Twenty investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $100.95.

In other Walmart news, Director S Robson Walton sold 760,377 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $83.30, for a total value of $63,339,404.10. Following the sale, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $278,826,258.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,030,640 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total value of $99,611,356.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $652,250,257. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,730,786 shares of company stock worth $632,528,709. Company insiders own 51.11% of the company’s stock.

Shares of WMT stock opened at $94.59 on Friday. 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 Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.

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

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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