Checchi Capital Advisers LLC boosted its holdings in Walmart Inc (NYSE:WMT) by 13.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 27,995 shares of the retailer’s stock after buying an additional 3,424 shares during the period. Checchi Capital Advisers LLC’s holdings in Walmart were worth $2,629,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after purchasing an additional 1,660,543 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Walmart by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock valued at $881,168,000 after purchasing an additional 148,000 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 9,931,750 shares of the retailer’s stock valued at $932,691,000 after purchasing an additional 323,377 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Walmart by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock valued at $696,182,000 after purchasing an additional 117,333 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after purchasing an additional 109,700 shares during the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.
Walmart stock opened at $100.28 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $109.98. The stock has a market capitalization of $293.10 billion, a P/E ratio of 22.69, a PEG ratio of 4.12 and a beta of 0.52.
In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.63, for a total value of $190,186,616.96. Following the sale, the insider now directly owns 10,557,224 shares of the company’s stock, valued at approximately $999,030,107.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $663,250,442.40. The disclosure for this sale can be found here. Insiders sold a total of 10,199,130 shares of company stock worth $976,228,654 over the last three months. 51.11% of the stock is currently owned by corporate insiders.
WMT has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Walmart to $108.00 and gave the company a “neutral” rating in a report on Monday, October 8th. BMO Capital Markets initiated coverage on shares of Walmart in a report on Monday, September 17th. They set an “outperform” rating and a $110.00 price objective for the company. Deutsche Bank raised shares of Walmart from a “hold” rating to a “buy” rating and increased their price objective for the company from $89.00 to $113.00 in a report on Tuesday, October 9th. Wells Fargo & Co reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Walmart in a report on Thursday, August 16th. Finally, Jefferies Financial Group set a $112.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Monday, August 27th. Eighteen analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $103.16.
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.
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