Walmart Inc (WMT) Stake Decreased by Sheets Smith Wealth Management

Sheets Smith Wealth Management trimmed its holdings in Walmart Inc (NYSE:WMT) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 5,925 shares of the retailer’s stock after selling 129 shares during the period. Sheets Smith Wealth Management’s holdings in Walmart were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Abner Herrman & Brock LLC grew its stake in Walmart by 0.8% in the 4th quarter. Abner Herrman & Brock LLC now owns 181,896 shares of the retailer’s stock valued at $16,944,000 after acquiring an additional 1,392 shares during the last quarter. Carroll Financial Associates Inc. lifted its holdings in Walmart by 2.3% in the 4th quarter. Carroll Financial Associates Inc. now owns 10,203 shares of the retailer’s stock valued at $964,000 after purchasing an additional 230 shares in the last quarter. Hexavest Inc. lifted its holdings in Walmart by 10.7% in the 4th quarter. Hexavest Inc. now owns 436,395 shares of the retailer’s stock valued at $40,650,000 after purchasing an additional 42,155 shares in the last quarter. Cerebellum GP LLC lifted its holdings in Walmart by 51.2% in the 4th quarter. Cerebellum GP LLC now owns 2,807 shares of the retailer’s stock valued at $261,000 after purchasing an additional 950 shares in the last quarter. Finally, United Capital Management of KS Inc. lifted its holdings in Walmart by 2.5% in the 4th quarter. United Capital Management of KS Inc. now owns 9,068 shares of the retailer’s stock valued at $845,000 after purchasing an additional 223 shares in the last quarter. 29.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Alice L. Walton sold 734,950 shares of the firm’s stock in a transaction that occurred on Saturday, December 28th. The shares were sold at an average price of $92.48, for a total value of $67,968,176.00. Following the transaction, the insider now owns 7,183,580 shares in the company, valued at $664,337,478.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 500 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $92.00, for a total transaction of $46,000.00. Following the completion of the transaction, the insider now owns 7,183,580 shares in the company, valued at approximately $660,889,360. The disclosure for this sale can be found here. Insiders sold 11,818,674 shares of company stock worth $1,122,286,815 in the last 90 days. 51.11% of the stock is currently owned by insiders.



NYSE WMT opened at $94.84 on Friday. Walmart Inc has a one year low of $81.78 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81. The company has a market capitalization of $281.10 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 3.85 and a beta of 0.36.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The firm had revenue of $124.89 billion for the quarter, compared to analyst estimates of $124.86 billion. Equities research analysts predict that Walmart Inc will post 4.83 EPS for the current year.

WMT has been the topic of a number of recent research reports. Goldman Sachs Group restated a “neutral” rating and issued a $100.00 target price on shares of Walmart in a report on Wednesday, October 17th. JPMorgan Chase & Co. upped their target price on shares of Walmart to $108.00 and gave the company a “neutral” rating in a report on Monday, October 8th. Credit Suisse Group set a $103.00 target price on shares of Walmart and gave the company a “hold” rating in a report on Thursday, November 15th. MKM Partners reduced their target price on shares of Walmart from $107.00 to $105.00 in a report on Monday, October 22nd. Finally, KeyCorp upped their target price on shares of Walmart from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, November 16th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $104.18.

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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.

See Also: What is Liquidity?

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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