Ashfield Capital Partners LLC lowered its holdings in shares of Walmart Inc (NYSE:WMT) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,616 shares of the retailer’s stock after selling 2,827 shares during the period. Ashfield Capital Partners LLC’s holdings in Walmart were worth $6,725,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Bank of Montreal Can acquired a new stake in Walmart during the second quarter worth approximately $624,899,000. Putnam Investments LLC grew its stake in Walmart by 836.2% during the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after purchasing an additional 4,922,857 shares during the period. Renaissance Technologies LLC grew its stake in Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after purchasing an additional 3,105,600 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new stake in Walmart during the second quarter worth approximately $265,661,000. Finally, Cornerstone Wealth Management LLC grew its stake in 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. 29.42% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Alice L. Walton sold 594,396 shares of the firm’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 owns 6,748,580 shares in the company, valued at $663,250,442.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 2,009,792 shares of the firm’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.63, for a total value of $190,186,616.96. Following the completion of the transaction, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock worth $976,228,654 in the last 90 days. Corporate insiders own 51.11% of the company’s stock.
Shares of NYSE:WMT opened at $105.56 on Friday. The company has a market capitalization of $306.10 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 4.27 and a beta of 0.35. 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 Inc has a 52-week low of $81.78 and a 52-week high of $109.98.
Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Walmart Inc will post 4.77 earnings per share for the current year.
Several equities research analysts recently commented on WMT shares. MKM Partners decreased their target price on Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, August 17th. Finally, Citigroup raised their target price on Walmart from $101.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target 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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