Fortem Financial Group LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 61.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,958 shares of the retailer’s stock after selling 6,263 shares during the quarter. Fortem Financial Group LLC’s holdings in Walmart were worth $554,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its holdings in Walmart by 1.2% during the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock worth $8,094,312,000 after purchasing an additional 835,420 shares during the period. Fisher Asset Management LLC increased its holdings in Walmart by 2.8% during the 2nd quarter. Fisher Asset Management LLC now owns 11,043,157 shares of the retailer’s stock worth $1,322,749,000 after purchasing an additional 295,585 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Walmart by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,975,190 shares of the retailer’s stock worth $835,488,000 after purchasing an additional 441,514 shares during the period. California Public Employees Retirement System increased its holdings in Walmart by 3.8% during the 2nd quarter. California Public Employees Retirement System now owns 6,384,265 shares of the retailer’s stock worth $764,707,000 after purchasing an additional 231,687 shares during the period. Finally, Swiss National Bank increased its holdings in Walmart by 0.8% during the 2nd quarter. Swiss National Bank now owns 6,313,958 shares of the retailer’s stock worth $756,286,000 after purchasing an additional 52,400 shares during the period. Institutional investors own 29.34% of the company’s stock.
WMT has been the topic of several research reports. Wells Fargo & Company restated a “hold” rating on shares of Walmart in a report on Friday, July 24th. Guggenheim lifted their price target on Walmart from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. KeyCorp lifted their price target on Walmart from $138.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Morgan Stanley lifted their price target on Walmart from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, DA Davidson began coverage on Walmart in a report on Friday, August 14th. They issued a “buy” rating and a $148.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the stock. Walmart currently has an average rating of “Buy” and a consensus price target of $141.46.
Shares of WMT opened at $144.71 on Friday. The stock has a 50-day moving average of $139.94 and a two-hundred day moving average of $129.14. Walmart Inc. has a one year low of $102.00 and a one year high of $151.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The stock has a market cap of $410.07 billion, a P/E ratio of 23.08, a P/E/G ratio of 4.60 and a beta of 0.28.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion during the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. Analysts predict that Walmart Inc. will post 5.28 EPS for the current fiscal year.
In other news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total value of $10,983,700.00. Following the completion of the transaction, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at approximately $240,100,193.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total value of $103,186,062.00. Following the completion of the transaction, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The disclosure for this sale can be found here. In the last three months, insiders sold 1,011,690 shares of company stock valued at $138,850,587. Insiders own 50.43% of the company’s stock.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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