Arthur M. Cohen & Associates LLC Has $837,000 Position in Walmart Inc (WMT)

Arthur M. Cohen & Associates LLC cut its stake in Walmart Inc (NYSE:WMT) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,778 shares of the retailer’s stock after selling 1,000 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Walmart were worth $837,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Ferguson Wellman Capital Management Inc. bought a new position in shares of Walmart during the 2nd quarter worth approximately $1,761,000. Burke & Herbert Bank & Trust Co. bought a new position in shares of Walmart during the 2nd quarter worth approximately $1,577,000. RB Capital Management LLC bought a new position in shares of Walmart during the 2nd quarter worth approximately $271,000. FormulaFolio Investments LLC boosted its holdings in shares of Walmart by 7.2% during the 2nd quarter. FormulaFolio Investments LLC now owns 26,995 shares of the retailer’s stock worth $2,312,000 after buying an additional 1,807 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Walmart by 11.1% during the 2nd quarter. Martingale Asset Management L P now owns 687,227 shares of the retailer’s stock worth $58,862,000 after buying an additional 68,902 shares in the last quarter. Institutional investors and hedge funds own 29.43% of the company’s stock.

WMT has been the topic of a number of research analyst reports. Wells Fargo & Co restated a “neutral” rating and set a $95.00 price target on shares of Walmart in a report on Thursday, August 16th. Jefferies Financial Group set a $112.00 target price on Walmart and gave the stock a “buy” rating in a research report on Monday, August 27th. Morgan Stanley reaffirmed a “neutral” rating and set a $98.00 target price (up from $93.00) on shares of Walmart in a research report on Thursday, August 16th. Sanford C. Bernstein lowered their target price on Walmart from $104.00 to $100.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 29th. Finally, Stephens set a $115.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Twenty research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $100.95.

In related news, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 760,377 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $83.30, for a total value of $63,339,404.10. Following the completion of the sale, the director now directly owns 3,347,254 shares of the company’s stock, valued at $278,826,258.20. The disclosure for this sale can be found here. Insiders sold a total of 6,730,786 shares of company stock valued at $632,528,709 over the last three months. 51.11% of the stock is currently owned by insiders.

NYSE WMT opened at $94.59 on Friday. The firm has a market capitalization of $284.30 billion, a P/E ratio of 21.40, a P/E/G ratio of 3.37 and a beta of 0.51. Walmart Inc has a 12 month low of $77.50 and a 12 month high of $109.98. 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. equities analysts expect that Walmart Inc will post 4.8 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

See Also: Marijuana Stocks Future Looks Bright

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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.

Leave a Reply