TD Asset Management Inc. lowered its position in Walmart Inc (NYSE:WMT) by 12.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,068,062 shares of the retailer’s stock after selling 149,138 shares during the period. TD Asset Management Inc.’s holdings in Walmart were worth $100,302,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of WMT. Trust Co. of Vermont grew its position in Walmart by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock worth $1,170,000 after purchasing an additional 515 shares during the last quarter. Financial Advantage Inc. grew its position in Walmart by 0.7% during the 3rd quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock worth $7,561,000 after purchasing an additional 546 shares during the last quarter. Crossvault Capital Management LLC grew its position in Walmart by 2.3% during the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock worth $2,328,000 after purchasing an additional 550 shares during the last quarter. Fluent Financial LLC grew its position in Walmart by 2.6% during the 3rd quarter. Fluent Financial LLC now owns 22,463 shares of the retailer’s stock worth $2,110,000 after purchasing an additional 571 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC grew its position in Walmart by 4.6% during the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 13,329 shares of the retailer’s stock worth $1,252,000 after purchasing an additional 583 shares during the last quarter. 29.42% of the stock is currently owned by hedge funds and other institutional investors.
WMT opened at $105.56 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The firm has a market capitalization of $309.04 billion, a P/E ratio of 21.92, a PEG ratio of 4.31 and a beta of 0.35.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. During the same period in the previous year, the business posted $1.08 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Walmart Inc will post 4.77 earnings per share for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 594,396 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 286,762 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $96.17, for a total transaction of $27,577,901.54. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $649,010,938.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,199,130 shares of company stock valued at $976,228,654. Company insiders own 51.11% of the company’s stock.
Several analysts have weighed in on the stock. Stifel Nicolaus reissued a “neutral” rating and set a $95.00 target price on shares of Walmart in a research report on Friday, August 17th. Raymond James downgraded shares of Walmart from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $100.00 to $107.00 in a research report on Friday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a $112.00 target price on shares of Walmart in a research report on Monday, August 20th. Zacks Investment Research downgraded shares of Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Walmart in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $103.16.
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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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