Sumitomo Life Insurance Co. decreased its holdings in shares of Walmart Inc (NYSE:WMT) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,859 shares of the retailer’s stock after selling 934 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Walmart were worth $5,152,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Tompkins Financial Corp lifted its holdings in Walmart by 168.7% during the 3rd quarter. Tompkins Financial Corp now owns 24,418 shares of the retailer’s stock valued at $2,293,000 after purchasing an additional 15,332 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in Walmart by 17.6% during the 3rd quarter. Oakbrook Investments LLC now owns 21,683 shares of the retailer’s stock valued at $2,036,000 after purchasing an additional 3,250 shares during the last quarter. Aperio Group LLC lifted its holdings in Walmart by 0.9% during the 3rd quarter. Aperio Group LLC now owns 1,695,193 shares of the retailer’s stock valued at $159,196,000 after purchasing an additional 15,097 shares during the last quarter. Breiter Capital Management Inc. lifted its holdings in Walmart by 12.4% during the 3rd quarter. Breiter Capital Management Inc. now owns 8,440 shares of the retailer’s stock valued at $793,000 after purchasing an additional 929 shares during the last quarter. Finally, Sitrin Capital Management LLC lifted its holdings in Walmart by 2.0% during the 3rd quarter. Sitrin Capital Management LLC now owns 68,901 shares of the retailer’s stock valued at $6,470,000 after purchasing an additional 1,381 shares during the last quarter. 29.37% of the stock is owned by institutional investors and hedge funds.
In related news, Director S Robson Walton sold 807,654 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $94.46, for a total value of $76,290,996.84. Following the transaction, the director now owns 3,347,254 shares in the company, valued at $316,181,612.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s 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 transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock worth $976,228,654 in the last 90 days. 51.11% of the stock is owned by company insiders.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same quarter last year, the business earned $1.08 earnings per share. Walmart’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc will post 4.74 EPS for the current year.
A number of equities research analysts have recently weighed in on WMT shares. Goldman Sachs Group reissued a “neutral” rating and set a $100.00 target price on shares of Walmart in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on Walmart to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 8th. UBS Group lifted their target price on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Argus set a $112.00 target price on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Finally, Stephens set a $115.00 target price on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $102.83.
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.
Read More: What is the Book Value of a Share?
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).
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.