AMP Capital Investors Ltd reduced its position in Walmart Inc (NYSE:WMT) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 758,894 shares of the retailer’s stock after selling 4,847 shares during the quarter. AMP Capital Investors Ltd’s holdings in Walmart were worth $71,436,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new position in Walmart in the second quarter valued at about $111,000. ELM Advisors LLC purchased a new position in Walmart in the third quarter valued at about $152,000. Berman Capital Advisors LLC purchased a new position in Walmart in the third quarter valued at about $158,000. Harvest Fund Management Co. Ltd purchased a new position in Walmart in the third quarter valued at about $162,000. Finally, MinichMacGregor Wealth Management LLC raised its position in Walmart by 56.0% in the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $165,000 after purchasing an additional 629 shares during the period. 29.18% of the stock is currently owned by institutional investors and hedge funds.
NYSE:WMT opened at $93.19 on Friday. The stock has a market capitalization of $283.83 billion, a P/E ratio of 21.08, a PEG ratio of 3.91 and a beta of 0.32. Walmart Inc has a one year low of $81.78 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The business had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. On average, analysts predict that Walmart Inc will post 4.81 EPS for the current year.
In other Walmart news, Director S Robson Walton sold 1,109,156 shares of Walmart stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $97.92, for a total value of $108,608,555.52. Following the completion of the transaction, the director now directly owns 3,347,254 shares in the company, valued at $327,763,111.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 387,000 shares of Walmart stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $98.70, for a total value of $38,196,900.00. Following the completion of the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $666,084,846. The disclosure for this sale can be found here. Insiders sold 12,891,107 shares of company stock valued at $1,236,447,886 over the last quarter. Insiders own 51.11% of the company’s stock.
A number of analysts have recently issued reports on the company. Goldman Sachs Group reaffirmed a “neutral” rating and set a $100.00 target price on shares of Walmart in a research report on Wednesday, October 17th. JPMorgan Chase & Co. lifted their target price on Walmart to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 8th. Credit Suisse Group set a $103.00 target price on Walmart and gave the stock a “hold” rating in a research report on Thursday, November 15th. MKM Partners dropped their target price on Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. Finally, UBS Group lifted their target price on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.04.
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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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