Anchor Capital Advisors LLC grew its holdings in Walmart Inc (NYSE:WMT) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,289 shares of the retailer’s stock after acquiring an additional 850 shares during the period. Anchor Capital Advisors LLC’s holdings in Walmart were worth $13,301,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in WMT. Hanseatic Management Services Inc. boosted its holdings in shares of Walmart by 106.0% in the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after acquiring an additional 618 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $123,000. Stelac Advisory Services LLC purchased a new stake in shares of Walmart in the 1st quarter valued at $126,000. Wagner Wealth Management LLC purchased a new stake in shares of Walmart in the 4th quarter valued at $132,000. Finally, Princeton Capital Management LLC purchased a new stake in shares of Walmart in the 1st quarter valued at $135,000. 29.44% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently commented on WMT shares. Gordon Haskett downgraded shares of Walmart from a “buy” rating to an “accumulate” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 17th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Friday, May 4th. Robert W. Baird set a $95.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, May 10th. Morningstar set a $91.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Thursday, May 10th. Finally, Guggenheim reiterated a “buy” rating on shares of Walmart in a research note on Monday, April 30th. Nineteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Walmart has a consensus rating of “Buy” and an average target price of $100.89.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The company had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. equities research analysts predict that Walmart Inc will post 4.75 EPS for the current year.
In other news, major shareholder Jim C. Walton sold 592,155 shares of the stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the completion of the sale, the insider now directly owns 10,507,224 shares in the company, valued at $889,331,439.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,499,270 shares of the stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $84.86, for a total transaction of $127,228,052.20. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $572,684,498.80. The disclosure for this sale can be found here. Insiders have sold 12,358,525 shares of company stock valued at $1,084,282,880 over the last 90 days. 51.11% 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
Featured Article: Technical Analysis of Stocks and What It Means
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.