Marshall Wace LLP Takes $28.03 Million Position in Walmart Inc (WMT)

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Marshall Wace LLP acquired a new position in shares of Walmart Inc (NYSE:WMT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 327,203 shares of the retailer’s stock, valued at approximately $28,025,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new position in shares of Walmart during the 2nd quarter worth $111,000. Stelac Advisory Services LLC purchased a new stake in Walmart in the 1st quarter valued at about $126,000. Kiley Juergens Wealth Management LLC purchased a new stake in Walmart in the 2nd quarter valued at about $165,000. Adviser Investments LLC grew its position in Walmart by 77.0% in the 2nd quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock valued at $166,000 after acquiring an additional 842 shares in the last quarter. Finally, Gradient Investments LLC acquired a new position in Walmart in the 2nd quarter valued at about $176,000. 29.32% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Jim C. Walton sold 2,009,792 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.63, for a total value of $190,186,616.96. Following the sale, the insider now owns 10,557,224 shares of the company’s stock, valued at approximately $999,030,107.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S Robson Walton sold 807,654 shares of the business’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $94.46, for a total value of $76,290,996.84. Following the completion of the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $316,181,612.84. The disclosure for this sale can be found here. Insiders sold a total of 10,199,130 shares of company stock worth $976,228,654 in the last three months. Company insiders own 51.11% of the company’s stock.

Walmart stock traded up $0.89 during mid-day trading on Friday, hitting $94.81. 8,487,581 shares of the company’s stock traded hands, compared to its average volume of 9,387,817. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. The company has a market capitalization of $278.20 billion, a P/E ratio of 21.45, a PEG ratio of 3.30 and a beta of 0.52. Walmart Inc has a one year low of $81.78 and a one year high of $109.98.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that Walmart Inc will post 4.81 earnings per share for the current fiscal year.

WMT has been the subject of a number of analyst reports. Morningstar set a $90.00 price objective on Walmart and gave the stock a “neutral” rating in a research report on Tuesday, June 26th. Gordon Haskett cut Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research cut Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $87.00 price objective on shares of Walmart in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Walmart in a report on Thursday, August 9th. Eighteen analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $102.37.

About Walmart

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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