Baird Financial Group Inc. lifted its holdings in Walmart Inc (NYSE:WMT) by 15.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,381 shares of the retailer’s stock after purchasing an additional 49,041 shares during the period. Baird Financial Group Inc.’s holdings in Walmart were worth $32,066,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in WMT. BlackRock Inc. increased its stake in Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after buying an additional 1,660,543 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Walmart by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after buying an additional 148,000 shares in the last quarter. Fisher Asset Management LLC increased its stake in Walmart by 4.5% during the 2nd quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after buying an additional 417,204 shares in the last quarter. Bank of Montreal Can purchased a new stake in Walmart during the 2nd quarter worth approximately $624,899,000. Finally, Swiss National Bank increased its stake in Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock worth $480,473,000 after buying an additional 109,700 shares in the last quarter. Hedge funds and other institutional investors own 29.43% of the company’s stock.
In related news, major shareholder Alice L. Walton sold 594,396 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $663,250,442.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 510,893 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $83.15, for a total value of $42,480,752.95. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $561,144,427. The disclosure for this sale can be found here. Insiders sold 6,730,786 shares of company stock worth $632,528,709 over the last quarter. 51.11% of the stock is currently owned by insiders.
Several research firms have commented on WMT. Stifel Nicolaus reiterated a “neutral” rating and set a $95.00 price objective on shares of Walmart in a research note on Friday, August 17th. Raymond James lowered Walmart from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $100.00 to $107.00 in a research note on Friday, August 17th. Jefferies Financial Group restated a “buy” rating and issued a $112.00 price target on shares of Walmart in a research report on Monday, August 20th. Zacks Investment Research lowered Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 price target on shares of Walmart in a research report on Tuesday, August 7th. Twenty research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $100.95.
WMT 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 market capitalization of $284.30 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51. 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 released its quarterly earnings data 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 firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that Walmart Inc will post 4.8 EPS for the current year.
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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