Massachusetts Financial Services Co. MA lifted its stake in Walmart Inc (NYSE:WMT) by 5,535.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,290,622 shares of the retailer’s stock after acquiring an additional 1,267,722 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Walmart were worth $146,640,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its holdings in shares of Walmart by 32.7% during the fourth quarter. UBS Asset Management Americas Inc. now owns 6,997,162 shares of the retailer’s stock valued at $831,543,000 after acquiring an additional 1,725,977 shares during the period. Renaissance Technologies LLC increased its stake in Walmart by 22.1% in the 4th quarter. Renaissance Technologies LLC now owns 8,926,837 shares of the retailer’s stock valued at $1,060,865,000 after buying an additional 1,614,100 shares during the period. Norges Bank acquired a new position in Walmart in the 4th quarter valued at approximately $186,636,000. Swiss National Bank increased its stake in Walmart by 21.5% in the 1st quarter. Swiss National Bank now owns 6,261,558 shares of the retailer’s stock valued at $711,438,000 after buying an additional 1,107,000 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Walmart by 67.6% in the 4th quarter. Janus Henderson Group PLC now owns 2,593,989 shares of the retailer’s stock valued at $308,261,000 after buying an additional 1,046,394 shares during the period. 29.97% of the stock is owned by institutional investors.
In other news, EVP Kathryn J. Mclay sold 7,324 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $126.00, for a total value of $922,824.00. Following the completion of the transaction, the executive vice president now owns 51,526 shares in the company, valued at approximately $6,492,276. 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 Thursday, May 7th. The shares were sold at an average price of $123.05, for a total transaction of $10,459,250.00. Following the completion of the transaction, the executive vice president now owns 2,272,996 shares of the company’s stock, valued at approximately $279,692,157.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,324 shares of company stock valued at $22,306,274. Corporate insiders own 50.22% of the company’s stock.
Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Walmart from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Cfra dropped their price objective on shares of Walmart from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Deutsche Bank upped their price objective on shares of Walmart from $134.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $130.00 target price on shares of Walmart in a research report on Tuesday, February 18th. Finally, Nomura Instinet boosted their target price on shares of Walmart from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $132.03.
Walmart stock traded down $0.22 during mid-day trading on Thursday, reaching $120.94. The company had a trading volume of 5,935,602 shares, compared to its average volume of 9,371,550. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. Walmart Inc has a 52 week low of $102.00 and a 52 week high of $133.38. The company has a 50 day moving average of $124.62 and a 200-day moving average of $119.38. The firm has a market cap of $343.33 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 4.98 and a beta of 0.30.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.06. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm had revenue of $134.62 billion during the quarter, compared to the consensus estimate of $130.91 billion. During the same period in the prior year, the firm earned $1.13 EPS. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Walmart Inc will post 4.93 earnings per share for the current fiscal year.
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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