Daiwa Securities Group Inc. cut its holdings in Walmart Inc (NYSE:WMT) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 112,473 shares of the retailer’s stock after selling 15,954 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Walmart were worth $13,348,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of WMT. Krane Funds Advisors LLC bought a new stake in Walmart during the second quarter worth $26,000. AllSquare Wealth Management LLC grew its holdings in Walmart by 235.3% during the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after buying an additional 200 shares in the last quarter. Mcmillion Capital Management Inc. bought a new stake in Walmart during the second quarter worth $34,000. Shine Investment Advisory Services Inc. grew its holdings in Walmart by 181.7% during the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock worth $36,000 after buying an additional 198 shares in the last quarter. Finally, Litman Gregory Asset Management LLC bought a new stake in Walmart during the second quarter worth $37,000. 30.15% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Bank of America reiterated a “buy” rating and set a $135.00 price target (up previously from $120.00) on shares of Walmart in a report on Friday, August 16th. Deutsche Bank set a $124.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine cut Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim reissued a “buy” rating and issued a $125.00 price objective on shares of Walmart in a research report on Thursday, August 15th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 price objective (up previously from $118.00) on shares of Walmart in a research report on Friday, August 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $117.66.
Shares of NYSE WMT traded down $0.66 during trading on Friday, reaching $119.57. 320,216 shares of the stock traded hands, compared to its average volume of 4,066,505. Walmart Inc has a 52-week low of $85.78 and a 52-week high of $120.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The company has a 50-day moving average of $118.53 and a 200-day moving average of $111.18. The stock has a market capitalization of $338.07 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 5.11 and a beta of 0.39.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. Analysts expect that Walmart Inc will post 4.92 earnings per share for the current fiscal year.
In related news, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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