Candriam Luxembourg S.C.A. reduced its stake in Walmart Inc (NYSE:WMT) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,753 shares of the retailer’s stock after selling 2,934 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Walmart were worth $4,843,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Inverness Counsel LLC NY lifted its holdings in Walmart by 36.2% in the 4th quarter. Inverness Counsel LLC NY now owns 312,098 shares of the retailer’s stock worth $37,090,000 after purchasing an additional 82,985 shares during the last quarter. Private Ocean LLC lifted its holdings in Walmart by 17.0% in the 4th quarter. Private Ocean LLC now owns 1,719 shares of the retailer’s stock worth $205,000 after purchasing an additional 250 shares during the last quarter. Royal Harbor Partners LLC acquired a new stake in Walmart in the 4th quarter worth approximately $378,000. Rhumbline Advisers lifted its holdings in Walmart by 3.1% in the 4th quarter. Rhumbline Advisers now owns 2,573,796 shares of the retailer’s stock worth $305,870,000 after purchasing an additional 78,427 shares during the last quarter. Finally, Westchester Capital Management Inc. lifted its holdings in Walmart by 0.3% in the 4th quarter. Westchester Capital Management Inc. now owns 92,663 shares of the retailer’s stock worth $11,012,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 30.40% of the company’s stock.
WMT has been the subject of several analyst reports. Oppenheimer boosted their target price on Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. BMO Capital Markets lifted their price target on Walmart from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. They noted that the move was a valuation call. Jefferies Financial Group lifted their price target on Walmart from $127.00 to $137.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. They noted that the move was a valuation call. Royal Bank of Canada set a $124.00 price target on Walmart and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $135.00 price target (up from $125.00) on shares of Walmart in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $123.51.
WMT opened at $117.89 on Friday. The stock has a market cap of $334.47 billion, a PE ratio of 23.53, a P/E/G ratio of 4.47 and a beta of 0.36. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. Walmart Inc has a 1 year low of $96.53 and a 1 year high of $125.38. The stock’s 50 day simple moving average is $116.46 and its 200-day simple moving average is $116.60.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $126.98 billion for the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Equities analysts forecast that Walmart Inc will post 4.98 earnings per share for the current fiscal year.
In other news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $115.91, for a total transaction of $9,852,350.00. Following the sale, the executive vice president now directly owns 2,783,450 shares in the company, valued at $322,629,689.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 255,000 shares of company stock worth $29,993,100. 50.22% of the stock is currently owned by company insiders.
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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