Walmart Inc. (NYSE:WMT) Shares Sold by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP lowered its holdings in Walmart Inc. (NYSE:WMT) by 6.9% during the third quarter, Holdings Channel reports. The fund owned 6,110 shares of the retailer’s stock after selling 450 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Walmart were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Legal & General Group Plc boosted its holdings in Walmart by 1.8% during the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Raymond James & Associates grew its position in Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after buying an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after buying an additional 834,005 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on WMT. UBS Group increased their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Robert W. Baird boosted their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Bank of America increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $83.51.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,295,088 shares of company stock valued at $955,284,831. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Down 0.3 %

WMT opened at $83.05 on Friday. The business has a fifty day moving average price of $78.71 and a 200 day moving average price of $70.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The stock has a market capitalization of $667.58 billion, a price-to-earnings ratio of 43.18, a PEG ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.