AdvisorNet Financial Inc lessened its stake in shares of Walmart Inc (NYSE:WMT) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,591 shares of the retailer’s stock after selling 1,910 shares during the quarter. AdvisorNet Financial Inc’s holdings in Walmart were worth $2,227,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in Walmart by 1.2% in the first quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock worth $8,094,312,000 after buying an additional 835,420 shares during the last quarter. Wellington Management Group LLP grew its position in Walmart by 17.2% in the first quarter. Wellington Management Group LLP now owns 16,328,915 shares of the retailer’s stock worth $1,855,292,000 after buying an additional 2,402,254 shares during the last quarter. Nuveen Asset Management LLC grew its position in Walmart by 5.9% in the first quarter. Nuveen Asset Management LLC now owns 11,893,175 shares of the retailer’s stock worth $1,351,303,000 after buying an additional 666,594 shares during the last quarter. Fisher Asset Management LLC grew its position in Walmart by 2.8% in the second quarter. Fisher Asset Management LLC now owns 11,043,157 shares of the retailer’s stock worth $1,322,749,000 after buying an additional 295,585 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Walmart by 9.7% in the first quarter. Alliancebernstein L.P. now owns 9,365,227 shares of the retailer’s stock worth $1,064,077,000 after buying an additional 828,805 shares during the last quarter. Institutional investors and hedge funds own 29.34% of the company’s stock.
Shares of Walmart stock traded down $0.50 during midday trading on Wednesday, hitting $136.86. 412,540 shares of the company traded hands, compared to its average volume of 9,751,451. The stock has a market cap of $389.24 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 4.60 and a beta of 0.28. 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 firm’s fifty day moving average price is $134.74 and its 200-day moving average price is $125.14. Walmart Inc has a 12 month low of $102.00 and a 12 month high of $151.33.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The company had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. During the same period in the previous year, the firm posted $1.27 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Walmart Inc will post 5.28 earnings per share for the current year.
Several research firms recently issued reports on WMT. MKM Partners initiated coverage on shares of Walmart in a research note on Wednesday, July 29th. They issued a “neutral” rating and a $147.00 price objective for the company. Cowen lifted their target price on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. Tigress Financial reiterated a “hold” rating on shares of Walmart in a report on Tuesday, July 28th. Royal Bank of Canada lifted their target price on shares of Walmart from $132.00 to $137.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $141.00 price objective on shares of Walmart in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and a consensus price target of $139.58.
In other Walmart news, SVP David Chojnowski sold 4,605 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $134.24, for a total transaction of $618,175.20. Following the completion of the sale, the senior vice president now owns 30,620 shares in the company, valued at approximately $4,110,428.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $129.22, for a total transaction of $10,983,700.00. Following the sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at approximately $240,100,193.06. The disclosure for this sale can be found here. Insiders sold a total of 259,605 shares of company stock valued at $33,861,675 in the last quarter. 50.43% of the stock is currently owned by company insiders.
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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