Walmart Inc (WMT) Stake Raised by Fiera Capital Corp

Fiera Capital Corp lifted its position in Walmart Inc (NYSE:WMT) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,249 shares of the retailer’s stock after buying an additional 1,055 shares during the quarter. Fiera Capital Corp’s holdings in Walmart were worth $878,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. lifted its holdings in shares of Walmart by 106.0% in the first quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock worth $107,000 after buying an additional 618 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $123,000. Stelac Advisory Services LLC purchased a new stake in shares of Walmart in the first quarter worth about $126,000. G&S Capital LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $128,000. Finally, Wagner Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $132,000. 29.68% of the stock is currently owned by hedge funds and other institutional investors.

WMT has been the topic of a number of recent analyst reports. Argus raised shares of Walmart from a “hold” rating to a “buy” rating and increased their price target for the stock from $87.57 to $100.00 in a report on Thursday, April 19th. Royal Bank of Canada reissued a “neutral” rating and issued a $103.00 price target on shares of Walmart in a report on Monday, April 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $98.00 price target on shares of Walmart in a report on Monday, April 30th. Guggenheim restated a “buy” rating on shares of Walmart in a research report on Monday, April 30th. Finally, Credit Suisse Group set a $102.00 price objective on shares of Walmart and gave the stock a “hold” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $96.59.



In other news, insider David Chojnowski sold 5,442 shares of the stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $85.30, for a total transaction of $464,202.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 592,155 shares of the stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the sale, the insider now directly owns 10,507,224 shares of the company’s stock, valued at approximately $889,331,439.36. The disclosure for this sale can be found here. Insiders have sold 8,792,256 shares of company stock worth $740,486,626 over the last quarter. Company insiders own 51.11% of the company’s stock.

Shares of NYSE WMT opened at $90.85 on Wednesday. Walmart Inc has a one year low of $77.50 and a one year high of $109.98. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. The company has a market cap of $267.15 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.31 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The business had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. sell-side analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Featured Story: Trading Strategy

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply