Walmart Inc (WMT) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Walmart Inc (NYSE:WMT) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,216,403 shares of the retailer’s stock after purchasing an additional 61,335 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Walmart were worth $114,233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Trust Co. of Vermont increased its holdings in shares of Walmart by 4.3% in the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock valued at $1,170,000 after acquiring an additional 515 shares during the period. Crossvault Capital Management LLC increased its holdings in shares of Walmart by 2.3% in the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock valued at $2,328,000 after acquiring an additional 550 shares during the period. Fluent Financial LLC grew its position in Walmart by 2.6% in the 3rd quarter. Fluent Financial LLC now owns 22,463 shares of the retailer’s stock valued at $2,110,000 after buying an additional 571 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its position in Walmart by 4.6% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 13,329 shares of the retailer’s stock valued at $1,252,000 after buying an additional 583 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its position in Walmart by 0.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock valued at $13,022,000 after buying an additional 588 shares during the last quarter. 29.42% of the stock is currently owned by institutional investors.

Shares of WMT stock opened at $105.56 on Friday. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $109.98. The stock 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. 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 announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share 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 the consensus estimate of $124.67 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Walmart Inc will post 4.77 EPS for the current year.

In other news, major shareholder Alice L. Walton sold 594,396 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 807,654 shares of the company’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $94.46, for a total transaction of $76,290,996.84. Following the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at approximately $316,181,612.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. Corporate insiders own 51.11% of the company’s stock.

WMT has been the topic of a number of analyst reports. Goldman Sachs Group reiterated a “neutral” rating and issued a $100.00 price objective on shares of Walmart in a research report on Wednesday, October 17th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. MKM Partners lowered their price objective on shares of Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. UBS Group lifted their price objective on shares of Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Finally, Argus set a $112.00 price objective on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $103.16.

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Walmart 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.

Further Reading: Why do company’s buyback their stock?

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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