DNB Asset Management AS lowered its position in shares of Walmart Inc (NYSE:WMT) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,300 shares of the retailer’s stock after selling 2,500 shares during the period. DNB Asset Management AS’s holdings in Walmart were worth $6,508,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. CSat Investment Advisory L.P. acquired a new position in Walmart in the second quarter valued at $111,000. Amussen Hunsaker Associates LLC acquired a new position in Walmart in the second quarter valued at $152,000. ELM Advisors LLC acquired a new position in Walmart in the third quarter valued at $152,000. Kiley Juergens Wealth Management LLC acquired a new position in Walmart in the second quarter valued at $165,000. Finally, Adviser Investments LLC boosted its stake in Walmart by 77.0% in the second quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock valued at $166,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 29.32% of the company’s stock.
In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the completion of the transaction, the insider now directly owns 10,557,224 shares of the company’s stock, valued at $999,030,107.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock valued at $976,228,654 over the last three months. 51.11% of the stock is currently owned by corporate insiders.
NYSE WMT opened at $94.81 on Friday. The stock has a market cap of $278.20 billion, a P/E ratio of 21.45, a PEG ratio of 3.30 and a beta of 0.52. Walmart Inc has a 52-week low of $81.78 and a 52-week 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.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. As a group, sell-side analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. Stifel Nicolaus restated a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a research note on Friday, August 17th. Raymond James downgraded shares of Walmart from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company 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 objective on shares of Walmart in a research note on Monday, August 20th. Zacks Investment Research downgraded shares of Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 target price on shares of Walmart in a research note on Tuesday, August 7th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Walmart currently has a consensus rating of “Buy” and a consensus target price of $102.37.
Walmart Company Profile
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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