TD Asset Management Inc. cut its stake in shares of Walmart Inc (NYSE:WMT) by 12.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,068,062 shares of the retailer’s stock after selling 149,138 shares during the period. TD Asset Management Inc.’s holdings in Walmart were worth $100,302,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of WMT. CSat Investment Advisory L.P. purchased a new stake in shares of Walmart during the second quarter worth $111,000. Amussen Hunsaker Associates LLC purchased a new stake in shares of Walmart during the second quarter worth $152,000. ELM Advisors LLC purchased a new stake in shares of Walmart during the third quarter worth $152,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Walmart during the third quarter worth $162,000. Finally, Kiley Juergens Wealth Management LLC purchased a new stake in shares of Walmart during the second quarter worth $165,000. Institutional investors own 29.42% of the company’s stock.
Shares of WMT opened at $105.56 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The stock has a market capitalization of $309.04 billion, a P/E ratio of 21.92, a PEG ratio of 4.31 and a beta of 0.35.
A number of equities research analysts have recently issued reports on the stock. Morningstar set a $96.00 target price on shares of Walmart and gave the stock a “sell” rating in a report on Thursday. Cowen upped their target price on shares of Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, October 29th. Credit Suisse Group set a $85.00 target price on shares of Walmart and gave the stock a “neutral” rating in a report on Thursday, August 16th. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of Walmart in a report on Thursday, August 16th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and set a $95.00 target price on shares of Walmart in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $103.16.
In other Walmart news, Director S Robson Walton sold 881,158 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John R. Furner sold 9,623 shares of the stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $94.04, for a total transaction of $904,946.92. Following the transaction, the insider now directly owns 165,402 shares of the company’s stock, valued at approximately $15,554,404.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is currently owned by insiders.
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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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