Chicago Equity Partners LLC Decreases Holdings in Walmart Inc (WMT)

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Chicago Equity Partners LLC lowered its position in Walmart Inc (NYSE:WMT) by 35.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,285 shares of the retailer’s stock after selling 80,360 shares during the quarter. Chicago Equity Partners LLC’s holdings in Walmart were worth $12,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Walmart during the second quarter worth about $624,899,000. Charles Schwab Investment Advisory Inc. bought a new stake in Walmart in the second quarter valued at about $265,661,000. Cornerstone Wealth Management LLC increased its holdings in Walmart by 8,606.2% in the second quarter. Cornerstone Wealth Management LLC now owns 1,818,288 shares of the retailer’s stock valued at $21,648,000 after buying an additional 1,797,403 shares during the last quarter. BlackRock Inc. increased its holdings in Walmart by 1.9% in the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after buying an additional 1,660,543 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Walmart by 13.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 10,140,004 shares of the retailer’s stock valued at $902,157,000 after buying an additional 1,237,172 shares during the last quarter. Hedge funds and other institutional investors own 29.43% of the company’s stock.

NYSE:WMT traded down $0.53 during mid-day trading on Friday, hitting $94.59. The company’s stock had a trading volume of 6,274,741 shares, compared to its average volume of 9,715,309. Walmart Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $284.30 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same period last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts expect that Walmart Inc will post 4.8 EPS for the current year.

In other news, major shareholder Alice L. Walton sold 1,030,640 shares of Walmart stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total transaction of $99,611,356.00. Following the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $652,250,257. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 760,377 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $83.30, for a total transaction of $63,339,404.10. Following the sale, the director now owns 3,347,254 shares in the company, valued at $278,826,258.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,730,786 shares of company stock worth $632,528,709. Insiders own 51.11% of the company’s stock.

WMT has been the subject of several research analyst reports. Sanford C. Bernstein lowered their price objective on Walmart from $104.00 to $100.00 and set a “market perform” rating for the company in a report on Tuesday, May 29th. Credit Suisse Group set a $85.00 price objective on Walmart and gave the company a “hold” rating in a report on Tuesday, May 29th. Bank of America set a $98.00 price objective on Walmart and gave the company a “buy” rating in a report on Monday, June 4th. Susquehanna Bancshares reiterated a “positive” rating and set a $80.00 price objective on shares of Walmart in a research report on Thursday, June 7th. Finally, Morgan Stanley restated a “neutral” rating and issued a $93.00 target price on shares of Walmart in a research report on Wednesday, June 13th. Twenty analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $100.95.

Walmart Company Profile

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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