Nicolet Bankshares Inc. Raises Position in Walmart Inc. (NYSE:WMT)

Nicolet Bankshares Inc. lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 32.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,114 shares of the retailer’s stock after buying an additional 1,000 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Walmart were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in shares of Walmart by 1.2% in the first quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock valued at $8,094,312,000 after acquiring an additional 835,420 shares during the period. Fisher Asset Management LLC lifted its position in Walmart by 2.8% in the second quarter. Fisher Asset Management LLC now owns 11,043,157 shares of the retailer’s stock valued at $1,322,749,000 after buying an additional 295,585 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Walmart by 6.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,975,190 shares of the retailer’s stock valued at $835,488,000 after buying an additional 441,514 shares during the last quarter. California Public Employees Retirement System lifted its position in Walmart by 3.8% in the second quarter. California Public Employees Retirement System now owns 6,384,265 shares of the retailer’s stock valued at $764,707,000 after buying an additional 231,687 shares during the last quarter. Finally, Swiss National Bank lifted its position in Walmart by 0.8% in the second quarter. Swiss National Bank now owns 6,313,958 shares of the retailer’s stock valued at $756,286,000 after buying an additional 52,400 shares during the last quarter. Institutional investors own 29.34% of the company’s stock.

A number of research firms have commented on WMT. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Tuesday, September 15th. Robert W. Baird increased their price target on shares of Walmart from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $137.00 price target on shares of Walmart in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $144.00 price target (up previously from $142.00) on shares of Walmart in a research report on Wednesday, August 19th. Finally, Oppenheimer reissued a “buy” rating and set a $152.00 price target (up previously from $145.00) on shares of Walmart in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $141.46.

In other news, SVP David Chojnowski sold 4,605 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the completion of the sale, the senior vice president now directly owns 30,620 shares of the company’s stock, valued at $4,110,428.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $129.22, for a total value of $10,983,700.00. Following the completion of the sale, the executive vice president now directly owns 1,858,073 shares of the company’s stock, valued at $240,100,193.06. The disclosure for this sale can be found here. Insiders sold 1,011,690 shares of company stock worth $138,850,587 over the last quarter. 50.43% of the stock is currently owned by insiders.

Walmart stock traded down $1.75 during mid-day trading on Friday, hitting $138.17. The company had a trading volume of 179,003 shares, compared to its average volume of 9,420,514. The stock has a market cap of $396.50 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 4.86 and a beta of 0.27. Walmart Inc. has a 1 year low of $102.00 and a 1 year high of $151.33. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $140.33 and a 200 day moving average of $130.75.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. Equities analysts anticipate that Walmart Inc. will post 5.35 earnings per share for the current year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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