Parallel Advisors LLC Has $3.03 Million Stock Position in Walmart Inc. (NYSE:WMT)

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Parallel Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,637 shares of the retailer’s stock after selling 750 shares during the quarter. Parallel Advisors LLC’s holdings in Walmart were worth $3,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. State Street Corp increased its position in shares of Walmart by 1.2% during 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 period. Fisher Asset Management LLC increased its position in shares of Walmart by 2.8% during 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 period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Walmart by 6.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,975,190 shares of the retailer’s stock worth $835,488,000 after buying an additional 441,514 shares during the period. California Public Employees Retirement System boosted its stake in Walmart by 3.8% during the second quarter. California Public Employees Retirement System now owns 6,384,265 shares of the retailer’s stock worth $764,707,000 after acquiring an additional 231,687 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Walmart by 0.8% during the second quarter. Swiss National Bank now owns 6,313,958 shares of the retailer’s stock worth $756,286,000 after acquiring an additional 52,400 shares in the last quarter. Hedge funds and other institutional investors own 29.34% of the company’s stock.

WMT has been the topic of several research analyst reports. Telsey Advisory Group increased their target price on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Credit Suisse Group reissued a “buy” rating and set a $135.00 target price on shares of Walmart in a research note on Monday, September 21st. MKM Partners initiated coverage on shares of Walmart in a research note on Wednesday, July 29th. They set a “neutral” rating and a $147.00 target price on the stock. Royal Bank of Canada increased their target price on shares of Walmart from $132.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 19th. Finally, Raymond James increased their target price on shares of Walmart from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $141.46.

NYSE WMT traded down $0.55 during trading hours on Friday, reaching $139.37. 124,894 shares of the company were exchanged, compared to its average volume of 9,420,514. Walmart Inc. has a 1 year low of $102.00 and a 1 year high of $151.33. The business’s 50 day simple moving average is $140.33 and its 200-day simple moving average is $130.75. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $396.50 billion, a P/E ratio of 22.32, a P/E/G ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. During the same quarter last year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 5.35 earnings per share for the current year.

In related news, major shareholder Alice L. Walton sold 752,085 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the completion of the sale, the insider now owns 11,323,580 shares in the company, valued at $1,553,595,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the sale, the executive vice president now owns 1,610,399 shares of the company’s stock, valued at approximately $232,783,175.45. The disclosure for this sale can be found here. Insiders have sold 1,011,690 shares of company stock valued at $138,850,587 in the last 90 days. 50.43% of the stock is currently owned by corporate insiders.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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