Bank of The West boosted its position in Walmart Inc. (NYSE:WMT) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,549 shares of the retailer’s stock after acquiring an additional 1,034 shares during the quarter. Bank of The West’s holdings in Walmart were worth $7,269,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Ironwood Wealth Management LLC. grew its stake in shares of Walmart by 31.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,316 shares of the retailer’s stock worth $450,000 after buying an additional 802 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Walmart during the first quarter worth $275,000. Swiss National Bank grew its stake in shares of Walmart by 2.1% during the first quarter. Swiss National Bank now owns 6,196,758 shares of the retailer’s stock worth $841,706,000 after buying an additional 130,400 shares during the last quarter. Harvey Capital Management Inc. grew its stake in shares of Walmart by 0.5% during the first quarter. Harvey Capital Management Inc. now owns 19,650 shares of the retailer’s stock worth $2,669,000 after buying an additional 100 shares during the last quarter. Finally, Nicola Wealth Management LTD. grew its stake in shares of Walmart by 27.4% during the first quarter. Nicola Wealth Management LTD. now owns 149,000 shares of the retailer’s stock worth $20,239,000 after buying an additional 32,000 shares during the last quarter. 30.22% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $181.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, August 18th. Wells Fargo & Company raised shares of Walmart from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $165.00 in a research note on Thursday, August 5th. MKM Partners boosted their price objective on shares of Walmart from $152.00 to $156.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 18th. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating and set a $158.00 price objective on the stock. in a research note on Wednesday, August 18th. Finally, Stephens boosted their target price on shares of Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, August 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $167.59.
Walmart (NYSE:WMT) last posted its earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.21. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company had revenue of $141 billion for the quarter, compared to analyst estimates of $136.07 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 6.3 EPS for the current fiscal year.
In other news, major shareholder Alice L. Walton sold 505,429 shares of the stock in a transaction that occurred on Friday, September 17th. The shares were sold at an average price of $145.13, for a total transaction of $73,352,910.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 6,906,863 shares of the stock in a transaction that occurred on Tuesday, June 29th. The shares were sold at an average price of $137.40, for a total transaction of $949,002,976.20. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $927,254,892. The disclosure for this sale can be found here. Insiders sold a total of 18,808,118 shares of company stock worth $2,666,405,867 in the last 90 days. 48.44% of the stock is currently owned by company insiders.
Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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