255,214 Shares in Walmart Inc. (NYSE:WMT) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Walmart Inc. (NYSE:WMT) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 255,214 shares of the retailer’s stock, valued at approximately $34,666,000.

A number of other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Walmart by 0.3% in the 1st quarter. BlackRock Inc. now owns 87,856,415 shares of the retailer’s stock valued at $11,933,537,000 after purchasing an additional 231,789 shares during the last quarter. Geode Capital Management LLC lifted its stake in Walmart by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 22,297,352 shares of the retailer’s stock valued at $3,020,213,000 after purchasing an additional 573,176 shares during the last quarter. Norges Bank bought a new position in Walmart in the 4th quarter valued at approximately $2,164,014,000. Morgan Stanley lifted its stake in Walmart by 3.7% in the 1st quarter. Morgan Stanley now owns 13,884,021 shares of the retailer’s stock valued at $1,885,866,000 after purchasing an additional 495,284 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Walmart by 3.3% in the 1st quarter. Fisher Asset Management LLC now owns 12,214,810 shares of the retailer’s stock valued at $1,659,138,000 after purchasing an additional 384,782 shares during the last quarter. 29.28% of the stock is owned by institutional investors and hedge funds.

WMT has been the subject of several research reports. increased their price objective on shares of Walmart from $172.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, May 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $165.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Walmart in a research note on Tuesday, May 18th. UBS Group raised their price target on shares of Walmart from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, May 19th. Finally, Royal Bank of Canada raised their price target on shares of Walmart from $163.00 to $173.00 and gave the company an “outperform” rating in a research note on Monday, May 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and an average target price of $162.87.

In other news, Director S Robson Walton sold 518,839 shares of Walmart stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $142.19, for a total transaction of $73,773,717.41. Following the completion of the transaction, the director now directly owns 6,748,580 shares in the company, valued at $959,580,590.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction dated Thursday, May 27th. The shares were sold at an average price of $143.38, for a total transaction of $1,391,933.04. The disclosure for this sale can be found here. Insiders sold 28,591,645 shares of company stock valued at $3,978,991,425 over the last 90 days. Corporate insiders own 48.44% of the company’s stock.

NYSE:WMT opened at $141.10 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.95 and a quick ratio of 0.37. The firm has a market capitalization of $395.38 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46. The business has a fifty day moving average of $140.08. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, May 18th. The retailer reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.48. The business had revenue of $138.30 billion during the quarter, compared to analysts’ expectations of $131.53 billion. Walmart had a net margin of 2.18% and a return on equity of 19.92%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.18 earnings per share. On average, research analysts forecast that Walmart Inc. will post 5.95 EPS for the current year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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