Walmart Inc (WMT) Holdings Cut by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lessened its position in Walmart Inc (NYSE:WMT) by 64.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,535 shares of the retailer’s stock after selling 8,148 shares during the period. Alpha Cubed Investments LLC’s holdings in Walmart were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eagle Capital Management LLC lifted its position in shares of Walmart by 2.9% in the 3rd quarter. Eagle Capital Management LLC now owns 27,403 shares of the retailer’s stock worth $2,573,000 after purchasing an additional 766 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its position in shares of Walmart by 1.1% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 132,845 shares of the retailer’s stock worth $12,475,000 after purchasing an additional 1,471 shares during the period. First Hawaiian Bank lifted its position in shares of Walmart by 241.7% in the 3rd quarter. First Hawaiian Bank now owns 28,512 shares of the retailer’s stock worth $2,678,000 after purchasing an additional 20,168 shares during the period. Tealwood Asset Management Inc. purchased a new stake in shares of Walmart in the 3rd quarter worth about $208,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Walmart by 2.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 538,420 shares of the retailer’s stock worth $50,563,000 after purchasing an additional 12,889 shares during the period. 29.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE WMT opened at $97.94 on Thursday. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $106.21. The stock has a market cap of $288.85 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 3.97 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, research analysts forecast that Walmart Inc will post 4.83 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on WMT shares. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Walmart in a research report on Wednesday, October 17th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $103.00 target price on shares of Walmart in a research report on Wednesday, October 17th. Raymond James reaffirmed a “buy” rating and issued a $105.00 target price on shares of Walmart in a research report on Thursday, October 18th. MKM Partners dropped their target price on shares of Walmart from $107.00 to $105.00 in a research report on Monday, October 22nd. Finally, Cowen raised their target price on shares of Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $104.62.

In other Walmart news, Director S Robson Walton sold 1,281,814 shares of Walmart stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $97.71, for a total value of $125,246,045.94. Following the completion of the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at $327,060,188.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 500 shares of Walmart stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $92.00, for a total transaction of $46,000.00. Following the completion of the transaction, the insider now directly owns 7,183,580 shares of the company’s stock, valued at $660,889,360. The disclosure for this sale can be found here. Insiders sold 11,818,674 shares of company stock valued at $1,122,286,815 over the last ninety days. Corporate insiders own 51.11% of the company’s stock.

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Walmart 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.

Read More: How are institutional investors different from individual investors?

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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