Shelter Mutual Insurance Co Sells 9,330 Shares of Walmart Inc (NYSE:WMT)

Shelter Mutual Insurance Co reduced its holdings in shares of Walmart Inc (NYSE:WMT) by 8.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 96,812 shares of the retailer’s stock after selling 9,330 shares during the quarter. Walmart makes up approximately 3.1% of Shelter Mutual Insurance Co’s holdings, making the stock its 10th largest holding. Shelter Mutual Insurance Co’s holdings in Walmart were worth $10,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $25,000. C J Advisory Inc purchased a new stake in shares of Walmart in the first quarter worth about $29,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Walmart in the second quarter worth about $34,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Walmart in the first quarter worth about $35,000. Finally, WP Advisors LLC purchased a new stake in shares of Walmart in the first quarter worth about $37,000. 30.05% of the stock is currently owned by institutional investors.

WMT has been the topic of a number of recent research reports. UBS Group upped their target price on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Robert W. Baird set a $115.00 target price on Walmart and gave the stock a “buy” rating in a research note on Monday. Wolfe Research downgraded Walmart from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, May 8th. Bank of America set a $120.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $109.71.

In related news, major shareholder Jim C. Walton sold 1,626,851 shares of Walmart stock in a transaction on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the transaction, the insider now directly owns 17,502,080 shares in the company, valued at $1,769,110,246.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 5,559,285 shares of company stock valued at $571,021,654 over the last ninety days. Insiders own 51.11% of the company’s stock.

Shares of NYSE WMT traded up $4.82 during trading on Thursday, reaching $111.02. The stock had a trading volume of 11,756,497 shares, compared to its average volume of 4,928,401. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77. The stock has a 50-day moving average price of $111.31. The stock has a market capitalization of $300.29 billion, a P/E ratio of 22.61, a P/E/G ratio of 4.60 and a beta of 0.41.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Research analysts expect that Walmart Inc will post 4.84 earnings per share for the current fiscal year.

About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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