Standard Life Aberdeen plc lessened its position in Walmart Inc (NYSE:WMT) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,662,808 shares of the retailer’s stock after selling 13,466 shares during the period. Standard Life Aberdeen plc owned 0.06% of Walmart worth $156,180,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in WMT. Putnam Investments LLC boosted its stake in shares of Walmart by 836.2% during the 2nd quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after purchasing an additional 4,922,857 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Walmart by 1,431.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after purchasing an additional 3,105,600 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $265,661,000. BlackRock Inc. boosted its stake in shares of Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after purchasing an additional 1,660,543 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $105,485,000. 29.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Walmart 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. The stock has a market capitalization of $280.74 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.86 and a beta of 0.32. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $109.98.
Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, research analysts predict that Walmart Inc will post 4.81 EPS for the current year.
In other Walmart news, insider John R. Furner sold 9,623 shares of Walmart stock in a transaction dated 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 transaction, the insider now directly owns 165,402 shares of the company’s stock, valued at $15,554,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 600,000 shares of Walmart stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $96.92, for a total transaction of $58,152,000.00. Following the completion of the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at $324,415,857.68. 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 ninety days. Corporate insiders own 51.11% of the company’s stock.
WMT has been the topic of a number of research reports. MKM Partners cut their target price on shares of Walmart from $107.00 to $105.00 in a research note on Monday, October 22nd. Stephens set a $115.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Citigroup lifted their price target on shares of Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, August 17th. Argus set a $112.00 price target on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 17th. Finally, ValuEngine raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Walmart has an average rating of “Hold” and a consensus price target 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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