Dorsey & Whitney Trust CO LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 49,341 shares of the retailer’s stock after selling 2,115 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Walmart were worth $4,825,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in WMT. Access Investment Management LLC acquired a new position in shares of Walmart in the second quarter valued at $26,000. Operose Advisors LLC boosted its holdings in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after buying an additional 243 shares during the period. PFS Partners LLC grew its stake in Walmart by 267.8% in the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock valued at $31,000 after buying an additional 233 shares during the last quarter. Ridgewood Investments LLC grew its stake in Walmart by 55.3% in the 2nd quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock valued at $32,000 after buying an additional 115 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock valued at $32,000 after acquiring an additional 294 shares during the period. Institutional investors own 26.76% of the company’s stock.
Walmart Stock Down 0.1%
WMT stock opened at $102.43 on Monday. Walmart Inc. has a 52 week low of $79.81 and a 52 week high of $109.57. The business has a 50-day simple moving average of $103.40 and a 200 day simple moving average of $99.74. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $816.68 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on WMT shares. Bank of America boosted their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Wolfe Research started coverage on Walmart in a research note on Thursday, September 18th. They issued an “outperform” rating and a $129.00 price target for the company. Erste Group Bank raised Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. Royal Bank Of Canada set a $116.00 target price on shares of Walmart and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, BTIG Research began coverage on shares of Walmart in a research note on Tuesday, October 14th. They issued a “buy” rating and a $120.00 price target on the stock. Thirty-two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.50.
Get Our Latest Research Report on Walmart
Insider Activity
In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $100.96, for a total transaction of $403,840.00. Following the completion of the sale, the executive vice president directly owned 1,052,455 shares in the company, valued at $106,255,856.80. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the sale, the executive vice president directly owned 892,940 shares in the company, valued at approximately $96,241,073.20. This represents a 1.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 149,383 shares of company stock valued at $15,365,487. 0.10% of the stock is owned by insiders.
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.
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