TrimTabs Asset Management LLC trimmed its holdings in Walmart Inc (NYSE:WMT) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,111 shares of the retailer’s stock after selling 258 shares during the period. TrimTabs Asset Management LLC’s holdings in Walmart were worth $1,328,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Nuveen Asset Management LLC boosted its holdings in shares of Walmart by 4,405.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock worth $1,143,946,000 after buying an additional 10,123,600 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Walmart by 43.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock worth $782,423,000 after buying an additional 1,463,052 shares during the period. Balyasny Asset Management LLC boosted its holdings in shares of Walmart by 787.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,175,389 shares of the retailer’s stock worth $129,869,000 after buying an additional 1,042,898 shares during the period. State Street Corp boosted its holdings in shares of Walmart by 1.4% during the 3rd quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock worth $8,380,279,000 after buying an additional 985,538 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Walmart by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after buying an additional 920,813 shares during the period. 30.37% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Judith J. Mckenna sold 8,300 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $119.21, for a total value of $989,443.00. Following the completion of the transaction, the executive vice president now owns 216,811 shares in the company, valued at approximately $25,846,039.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $120.57, for a total transaction of $10,248,450.00. Following the completion of the transaction, the executive vice president now owns 2,808,295 shares of the company’s stock, valued at approximately $338,596,128.15. The disclosure for this sale can be found here. 50.22% of the stock is owned by corporate insiders.
WMT has been the subject of several recent analyst reports. Oppenheimer upped their price objective on shares of Walmart from $108.00 to $125.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. Guggenheim reaffirmed a “buy” rating and set a $135.00 price objective (up from $125.00) on shares of Walmart in a report on Thursday, November 14th. KeyCorp reaffirmed an “overweight” rating and set a $138.00 price objective (up from $128.00) on shares of Walmart in a report on Friday, November 15th. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Friday. Finally, Nomura initiated coverage on shares of Walmart in a report on Friday, November 8th. They set a “buy” rating and a $132.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $124.22.
NYSE:WMT traded down $1.09 during trading hours on Tuesday, hitting $116.56. 6,849,322 shares of the company traded hands, compared to its average volume of 6,338,532. The stock has a market capitalization of $334.47 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 4.77 and a beta of 0.35. Walmart Inc has a twelve month low of $93.11 and a twelve month high of $125.38. The firm has a 50-day moving average of $119.30 and a 200 day moving average of $115.99. 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 (NYSE:WMT) last released its earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The firm had revenue of $126.98 billion during the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. Equities research analysts predict that Walmart Inc will post 4.98 earnings per share for the current fiscal year.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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