Walmart Inc (WMT) Holdings Reduced by Dowling & Yahnke LLC

Dowling & Yahnke LLC trimmed its holdings in shares of Walmart Inc (NYSE:WMT) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,988 shares of the retailer’s stock after selling 1,112 shares during the period. Dowling & Yahnke LLC’s holdings in Walmart were worth $6,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. DnB Asset Management AS purchased a new position in shares of Walmart in the 2nd quarter worth $6,150,000. IFM Investors Pty Ltd boosted its stake in shares of Walmart by 44.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 67,051 shares of the retailer’s stock worth $5,743,000 after buying an additional 20,567 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Walmart by 6.2% in the 2nd quarter. CENTRAL TRUST Co now owns 171,571 shares of the retailer’s stock worth $14,695,000 after buying an additional 10,046 shares during the last quarter. Lynch & Associates IN boosted its stake in shares of Walmart by 1.1% in the 2nd quarter. Lynch & Associates IN now owns 56,162 shares of the retailer’s stock worth $4,810,000 after buying an additional 629 shares during the last quarter. Finally, Marshwinds Advisory Co. purchased a new position in shares of Walmart in the 2nd quarter worth $292,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

NYSE:WMT opened at $101.34 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The stock has a market cap of $300.21 billion, a price-to-earnings ratio of 22.93, a price-to-earnings-growth ratio of 4.19 and a beta of 0.35. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. As a group, analysts predict that Walmart Inc will post 4.77 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus restated a “neutral” rating and issued a $95.00 price target on shares of Walmart in a research note on Friday, August 17th. Telsey Advisory Group raised their price target on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday, August 17th. Guggenheim restated a “buy” rating and issued a $110.00 price target on shares of Walmart in a research note on Tuesday, October 16th. Raymond James restated a “buy” rating and issued a $105.00 price target on shares of Walmart in a research note on Thursday, October 18th. Finally, Cowen raised their price target on Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Eighteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $103.16.

In other Walmart news, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 881,158 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $97.60, for a total value of $86,001,020.80. Following the sale, the director now directly owns 3,347,254 shares in the company, valued at $326,691,990.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,199,130 shares of company stock worth $976,228,654. Insiders own 51.11% of the company’s stock.

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: Fundamental Analysis

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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