Public Employees Retirement Association of Colorado decreased its holdings in shares of Walmart Inc (NYSE:WMT) by 0.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,679 shares of the retailer’s stock after selling 1,526 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walmart were worth $31,412,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen Asset Management LLC increased its position in shares of Walmart by 4,405.6% during the second quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock valued at $1,143,946,000 after acquiring an additional 10,123,600 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Walmart by 184.2% in the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock worth $514,185,000 after buying an additional 3,015,931 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Walmart by 11,482.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after buying an additional 2,423,276 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Walmart by 43.2% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock worth $782,423,000 after buying an additional 1,463,052 shares during the last quarter. Finally, Railway Pension Investments Ltd bought a new stake in shares of Walmart in the 2nd quarter worth about $13,798,000. 30.15% of the stock is owned by institutional investors and hedge funds.
Walmart stock traded down $0.79 during trading hours on Friday, hitting $119.44. The company had a trading volume of 3,761,572 shares, compared to its average volume of 6,160,737. The firm has a market cap of $338.07 billion, a P/E ratio of 24.33, a P/E/G ratio of 5.11 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $120.92. The company has a 50-day moving average price of $118.56 and a two-hundred day moving average price of $111.26.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc will post 4.92 EPS for the current year.
In related news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.
A number of research firms have recently weighed in on WMT. Guggenheim restated a “buy” rating and issued a $125.00 target price on shares of Walmart in a report on Thursday, August 15th. Nomura started coverage on shares of Walmart in a report on Friday. They set a “buy” rating and a $132.00 price target on the stock. Raymond James upped their price target on shares of Walmart from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Morgan Stanley upped their price target on shares of Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Loop Capital upped their price target on shares of Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the stock. Walmart currently has an average rating of “Buy” and an average target price of $118.41.
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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