Walmart Inc (NYSE:WMT) Shares Sold by Perpetual Ltd

Perpetual Ltd decreased its position in Walmart Inc (NYSE:WMT) by 8.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,852 shares of the retailer’s stock after selling 700 shares during the period. Perpetual Ltd’s holdings in Walmart were worth $932,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Lincoln Capital LLC increased its stake in shares of Walmart by 1.5% during the 2nd quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock valued at $723,000 after acquiring an additional 94 shares during the last quarter. First National Bank of Hutchinson increased its stake in shares of Walmart by 1.5% during the 2nd quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock valued at $740,000 after acquiring an additional 96 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its stake in shares of Walmart by 2.1% during the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock valued at $470,000 after acquiring an additional 97 shares during the last quarter. Savant Capital LLC increased its stake in shares of Walmart by 0.6% during the 2nd quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock valued at $1,924,000 after acquiring an additional 97 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in shares of Walmart by 2.7% during the 2nd quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock valued at $414,000 after acquiring an additional 98 shares during the last quarter. 30.10% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. set a $115.00 price objective on shares of Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. UBS Group set a $115.00 price objective on shares of Walmart and gave the company a “hold” rating in a research note on Friday, August 16th. Credit Suisse Group set a $105.00 price objective on shares of Walmart and gave the company a “hold” rating in a research note on Thursday, August 15th. Goldman Sachs Group set a $123.00 target price on Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Citigroup reiterated a “buy” rating and set a $135.00 target price (up previously from $129.00) on shares of Walmart in a report on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.09.

NYSE WMT traded up $0.34 on Thursday, reaching $119.27. The company had a trading volume of 230,535 shares, compared to its average volume of 5,247,375. The firm has a market capitalization of $338.27 billion, a PE ratio of 24.28, a P/E/G ratio of 5.04 and a beta of 0.40. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $119.86. The firm has a 50-day moving average of $115.87 and a 200-day moving average of $108.34. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. Walmart’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. As a group, sell-side analysts expect that Walmart Inc will post 4.92 EPS for the current fiscal year.

In other news, insider John R. Furner sold 7,900 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. 51.11% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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