Bridgeway Capital Management Inc. reduced its position in shares of Walmart Inc (NYSE:WMT) by 86.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,269 shares of the retailer’s stock after selling 1,007,070 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Walmart were worth $15,427,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new position in Walmart during the second quarter worth $1,761,000. Bridgewater Associates LP acquired a new position in Walmart during the second quarter worth $14,408,000. Sound Income Strategies LLC increased its position in Walmart by 31.2% during the third quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock worth $1,511,000 after buying an additional 3,825 shares during the last quarter. Charles Schwab Investment Advisory Inc. acquired a new position in Walmart during the second quarter worth $265,661,000. Finally, Capital Wealth Planning LLC increased its position in Walmart by 40.2% during the second quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock worth $2,831,000 after buying an additional 9,475 shares during the last quarter. 29.18% of the stock is currently owned by institutional investors.
WMT stock opened at $93.19 on Friday. 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 Inc has a 52-week low of $81.78 and a 52-week high of $109.98. The stock has a market cap of $283.83 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.91 and a beta of 0.32.
Walmart (NYSE:WMT) last released its 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 during the quarter, compared to analysts’ expectations of $124.86 billion. As a group, equities analysts anticipate that Walmart Inc will post 4.81 EPS for the current fiscal year.
In related news, insider John R. Furner sold 4,000 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $97.34, for a total value of $389,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 387,000 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $98.70, for a total transaction of $38,196,900.00. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. 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. 51.11% of the stock is owned by corporate insiders.
Several equities analysts have commented on WMT shares. JPMorgan Chase & Co. set a $87.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Monday, August 13th. Zacks Investment Research raised shares of Walmart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Guggenheim reissued a “buy” rating and set a $110.00 target price on shares of Walmart in a research report on Thursday, August 16th. Credit Suisse Group set a $85.00 target price on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Finally, Wells Fargo & Co reissued a “neutral” rating and set a $95.00 target price on shares of Walmart in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Walmart currently has an average rating of “Hold” and a consensus target price of $104.04.
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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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