Walter & Keenan Financial Consulting Co. MI ADV lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,436 shares of the retailer’s stock after selling 250 shares during the quarter. Walmart comprises approximately 1.6% of Walter & Keenan Financial Consulting Co. MI ADV’s holdings, making the stock its 18th largest position. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Walmart were worth $4,118,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of WMT. State Street Corp lifted its position in Walmart by 1.2% in the first quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock worth $8,094,312,000 after purchasing 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 worth $1,322,749,000 after purchasing an additional 295,585 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of 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 period. California Public Employees Retirement System lifted its holdings in shares of 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 period. Finally, Swiss National Bank lifted its holdings in shares of 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 period. 29.34% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the transaction, the executive vice president now owns 1,610,399 shares of the company’s stock, valued at $232,783,175.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 4,605 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total transaction of $618,175.20. Following the transaction, the senior vice president now directly owns 30,620 shares in the company, valued at approximately $4,110,428.80. 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 corporate insiders.
Walmart (NYSE:WMT) last announced its earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, topping the consensus estimate of $1.25 by $0.31. The firm had revenue of $137.70 billion for the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. On average, analysts forecast that Walmart Inc. will post 5.35 EPS for the current year.
A number of equities research analysts have weighed in on WMT shares. UBS Group set a $148.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Wednesday, September 2nd. Jefferies Financial Group started coverage on Walmart in a research report on Friday, October 16th. They set a “buy” rating and a $165.00 price objective for the company. Oppenheimer reaffirmed a “buy” rating and set a $152.00 target price (up from $145.00) on shares of Walmart in a report on Tuesday, September 22nd. Cowen reaffirmed a “buy” rating and set a $155.00 target price on shares of Walmart in a report on Wednesday, October 7th. Finally, Cfra reaffirmed a “buy” rating and set a $145.00 price objective on shares of Walmart in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $141.46.
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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