Walmart Inc (NYSE:WMT) Shares Sold by Qube Research & Technologies Ltd

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Qube Research & Technologies Ltd cut its holdings in shares of Walmart Inc (NYSE:WMT) by 49.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,378 shares of the retailer’s stock after selling 34,247 shares during the period. Walmart comprises about 0.9% of Qube Research & Technologies Ltd’s investment portfolio, making the stock its 22nd biggest holding. Qube Research & Technologies Ltd’s holdings in Walmart were worth $3,909,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WMT. Clarfeld Financial Advisors LLC bought a new position in shares of Walmart during the fourth quarter worth about $25,000. C J Advisory Inc bought a new position in shares of Walmart during the first quarter worth about $29,000. Mcmillion Capital Management Inc. bought a new position in shares of Walmart during the second quarter worth about $34,000. Litman Gregory Asset Management LLC bought a new position in shares of Walmart during the second quarter worth about $37,000. Finally, Financial Gravity Wealth Inc. bought a new position in shares of Walmart during the first quarter worth about $35,000. Institutional investors own 30.05% of the company’s stock.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 820,736 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $101.45, for a total transaction of $83,263,667.20. Following the completion of the sale, the insider now owns 17,502,080 shares in the company, valued at approximately $1,775,586,016. The disclosure for this sale can be found here. Insiders sold 3,918,191 shares of company stock worth $405,136,249 in the last 90 days. 51.11% of the stock is owned by company insiders.

Several brokerages have recently commented on WMT. Goldman Sachs Group set a $123.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target (up previously from $118.00) on shares of Walmart in a research report on Friday. Guggenheim reaffirmed a “buy” rating and set a $125.00 price target on shares of Walmart in a research report on Thursday. JPMorgan Chase & Co. set a $115.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research report on Friday. Finally, Royal Bank of Canada set a $112.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $113.28.

Shares of NYSE:WMT traded up $0.30 during trading hours on Friday, hitting $112.99. The stock had a trading volume of 10,817,600 shares, compared to its average volume of 6,250,745. The stock’s fifty day simple moving average is $111.36 and its 200 day simple moving average is $103.71. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $115.49. The firm has a market capitalization of $321.70 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 4.91 and a beta of 0.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. During the same quarter last year, the business earned $1.29 earnings per share. Walmart’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc will post 4.91 EPS for the current 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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