Franklin Resources Inc. Has $364.98 Million Position in Walmart Inc (WMT)

Franklin Resources Inc. lessened its stake in Walmart Inc (NYSE:WMT) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,886,518 shares of the retailer’s stock after selling 10,056 shares during the quarter. Franklin Resources Inc. owned about 0.13% of Walmart worth $364,984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WMT. CSat Investment Advisory L.P. acquired a new position in Walmart during the second quarter worth about $111,000. Amussen Hunsaker Associates LLC acquired a new position in Walmart during the second quarter worth about $152,000. ELM Advisors LLC acquired a new position in Walmart during the third quarter worth about $152,000. Berman Capital Advisors LLC acquired a new position in Walmart during the third quarter worth about $158,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Walmart during the third quarter worth about $162,000. 29.18% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Alice L. Walton sold 1,030,640 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $96.65, for a total value of $99,611,356.00. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $652,250,257. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Furner sold 9,623 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.04, for a total value of $904,946.92. Following the completion of the sale, the insider now owns 165,402 shares in the company, valued at $15,554,404.08. The disclosure for this sale can be found here. Insiders sold 12,891,107 shares of company stock worth $1,236,447,886 over the last quarter. 51.11% of the stock is currently owned by company insiders.

Several research analysts have commented on WMT shares. Goldman Sachs Group reissued a “neutral” rating and set a $100.00 target price on shares of Walmart in a research note on Wednesday, October 17th. JPMorgan Chase & Co. boosted their target price on Walmart to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Credit Suisse Group set a $103.00 price objective on Walmart and gave the company a “hold” rating in a research note on Thursday, November 15th. MKM Partners lowered their price objective on Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Finally, UBS Group upped their price objective on Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $104.04.

Shares of WMT stock opened at $93.19 on Friday. Walmart Inc has a one year low of $81.78 and a one year high of $109.98. The company has a market capitalization of $283.83 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.91 and a beta of 0.32. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a return on equity of 18.36% and a net margin of 1.01%. The business had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. As a group, sell-side analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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