James Investment Research Inc. grew its holdings in Walmart Inc (NYSE:WMT) by 1.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 344,565 shares of the retailer’s stock after buying an additional 3,681 shares during the quarter. Walmart comprises approximately 2.8% of James Investment Research Inc.’s portfolio, making the stock its 2nd largest holding. James Investment Research Inc.’s holdings in Walmart were worth $38,071,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. FMR LLC increased its position in Walmart by 0.4% in the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock worth $2,347,413,000 after purchasing an additional 90,683 shares during the period. Geode Capital Management LLC increased its position in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after purchasing an additional 1,532,362 shares during the period. Northern Trust Corp increased its position in Walmart by 1.8% in the fourth quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock worth $1,639,326,000 after purchasing an additional 310,609 shares during the period. Legal & General Group Plc boosted its holdings in Walmart by 6.5% during the fourth quarter. Legal & General Group Plc now owns 7,499,260 shares of the retailer’s stock worth $698,461,000 after buying an additional 458,491 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Walmart by 4.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,774,303 shares of the retailer’s stock worth $351,576,000 after buying an additional 160,995 shares during the last quarter. Institutional investors own 30.04% of the company’s stock.
WMT has been the topic of a number of recent analyst reports. Gordon Haskett upgraded Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 target price on the stock in a report on Friday, May 17th. KeyCorp raised their target price on Walmart from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Deutsche Bank raised their target price on Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price on the stock in a report on Thursday, May 2nd. Finally, Goldman Sachs Group initiated coverage on Walmart in a report on Thursday, July 11th. They set a “buy” rating and a $123.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.56.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the previous year, the business posted $1.14 EPS. Walmart’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts anticipate that Walmart Inc will post 4.84 earnings per share for the current year.
In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 1,626,851 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the sale, the insider now owns 17,502,080 shares in the company, valued at approximately $1,769,110,246.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,559,285 shares of company stock worth $571,021,654 in the last quarter. 51.11% of the stock is currently owned by company insiders.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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