ST Germain D J Co. Inc. cut its position in Walmart Inc. (NYSE:WMT) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,596 shares of the retailer’s stock after selling 614 shares during the period. ST Germain D J Co. Inc.’s holdings in Walmart were worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. Evolution Wealth Advisors LLC boosted its stake in Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Tortoise Investment Management LLC acquired a new position in Walmart during the third quarter worth $28,000. Lipe & Dalton acquired a new position in Walmart during the third quarter worth $31,000. Atlantic Trust LLC boosted its stake in Walmart by 42.0% during the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after buying an additional 84 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in Walmart by 57.6% during the third quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock worth $36,000 after buying an additional 95 shares during the last quarter. 29.34% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on WMT shares. Citigroup boosted their price objective on Walmart from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Cowen restated a “buy” rating and issued a $155.00 target price on shares of Walmart in a research report on Wednesday, October 7th. Oppenheimer restated a “buy” rating and issued a $152.00 target price (up previously from $145.00) on shares of Walmart in a research report on Tuesday, September 22nd. Jefferies Financial Group lifted their target price on Walmart from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 12th. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $157.50 price objective on the stock in a report on Friday, October 2nd. Two 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. Walmart presently has a consensus rating of “Buy” and a consensus target price of $150.29.
Walmart (NYSE:WMT) last released its quarterly earnings data on Monday, November 16th. The retailer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.18 by $0.16. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same period last year, the firm posted $1.16 EPS. As a group, equities analysts expect that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.
In other Walmart news, Director S Robson Walton sold 450,000 shares of Walmart stock in a transaction that occurred on Friday, November 20th. The shares were sold at an average price of $150.95, for a total value of $67,927,500.00. Following the completion of the sale, the director now directly owns 3,280,991 shares of the company’s stock, valued at approximately $495,265,591.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judith J. Mckenna sold 10,000 shares of Walmart stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $150.49, for a total transaction of $1,504,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,382,085 shares of company stock worth $196,681,112. 50.43% of the stock is owned by insiders.
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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