Securian Asset Management Inc Lowers Stake in Walmart Inc (NYSE:WMT)

Securian Asset Management Inc lessened its position in shares of Walmart Inc (NYSE:WMT) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,395 shares of the retailer’s stock after selling 1,360 shares during the period. Securian Asset Management Inc’s holdings in Walmart were worth $15,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. FMR LLC boosted its position in shares of Walmart by 14.6% in the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after buying an additional 3,058,978 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Walmart by 11,482.5% in the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after buying an additional 2,423,276 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 1,532,362 shares during the period. Railway Pension Investments Ltd purchased a new stake in shares of Walmart in the second quarter worth about $13,798,000. Finally, Capital Wealth Planning LLC boosted its position in shares of Walmart by 899.2% in the second quarter. Capital Wealth Planning LLC now owns 580,637 shares of the retailer’s stock worth $64,155,000 after buying an additional 522,526 shares during the period. 29.99% of the stock is owned by institutional investors.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the sale, the director now owns 3,347,511 shares in the company, valued at $341,580,022.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Insiders have sold 3,097,455 shares of company stock worth $321,872,581 in the last 90 days. 50.22% of the stock is currently owned by insiders.

WMT has been the subject of several analyst reports. Citigroup set a $129.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank set a $124.00 target price on Walmart and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $125.00 target price (up previously from $118.00) on shares of Walmart in a research report on Friday. Finally, Bank of America reaffirmed a “buy” rating and issued a $135.00 target price (up previously from $120.00) on shares of Walmart in a research report on Friday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $114.51.

Shares of NYSE:WMT traded down $1.07 during trading on Tuesday, hitting $112.74. The company’s stock had a trading volume of 1,968,820 shares, compared to its average volume of 6,609,143. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The stock’s 50-day moving average price is $111.52 and its two-hundred day moving average price is $103.85. The company has a market capitalization of $322.56 billion, a PE ratio of 22.96, a PEG ratio of 4.87 and a beta of 0.41.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Walmart’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts predict that Walmart Inc will post 4.91 earnings per share for the current fiscal year.

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, 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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