United Services Automobile Association trimmed its stake in Walmart Inc (NYSE:WMT) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,590,320 shares of the retailer’s stock after selling 67,807 shares during the period. United Services Automobile Association owned about 0.05% of Walmart worth $149,347,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Putnam Investments LLC boosted its position in Walmart by 836.2% during the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after acquiring an additional 4,922,857 shares during the last quarter. Renaissance Technologies LLC boosted its position in Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after acquiring an additional 3,105,600 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Walmart during the second quarter valued at $265,661,000. BlackRock Inc. boosted its position in Walmart by 1.9% during the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after acquiring an additional 1,660,543 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in Walmart during the second quarter valued at $105,485,000. Institutional investors and hedge funds own 29.18% of the company’s stock.
Shares of NYSE WMT opened at $93.19 on Friday. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. The stock has a market capitalization of $280.74 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.86 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 quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. 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 expect that Walmart Inc will post 4.81 earnings per share for the current year.
A number of analysts have commented on WMT shares. Goldman Sachs Group reaffirmed a “neutral” rating and set a $100.00 price target on shares of Walmart in a research report on Wednesday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. Credit Suisse Group set a $103.00 price target on shares of Walmart and gave the company a “hold” rating in a research report on Thursday, November 15th. MKM Partners cut their price target on shares of Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. Finally, UBS Group upped their price target 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. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $104.04.
In other Walmart news, major shareholder Jim C. Walton sold 2,009,792 shares of the stock in a transaction dated 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 sale, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John R. Furner sold 9,623 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.04, for a total transaction of $904,946.92. Following the completion of the sale, the insider now owns 165,402 shares of the company’s stock, valued at approximately $15,554,404.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,891,107 shares of company stock valued at $1,236,447,886. Company insiders own 51.11% of the company’s stock.
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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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