Rice Hall James & Associates LLC Reduces Holdings in Walmart Inc (NYSE:WMT)

Rice Hall James & Associates LLC decreased its stake in shares of Walmart Inc (NYSE:WMT) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,103 shares of the retailer’s stock after selling 147 shares during the period. Rice Hall James & Associates LLC’s holdings in Walmart were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Clarfeld Financial Advisors LLC bought a new position in Walmart in the 4th quarter worth about $25,000. C J Advisory Inc bought a new position in Walmart in the 1st quarter worth about $29,000. Mcmillion Capital Management Inc. bought a new position in Walmart in the 2nd quarter worth about $34,000. Financial Gravity Wealth Inc. bought a new position in Walmart in the 1st quarter worth about $35,000. Finally, WP Advisors LLC bought a new position in Walmart in the 1st quarter worth about $37,000. 30.05% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on WMT shares. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 target price (up from $118.00) on shares of Walmart in a research note on Friday. Bank of America restated a “buy” rating and issued a $135.00 target price (up from $120.00) on shares of Walmart in a research note on Friday. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price on the stock in a research note on Thursday, May 2nd. UBS Group upped their target price on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Finally, Robert W. Baird restated a “positive” rating and issued a $120.00 target price (up from $115.00) on shares of Walmart in a research note on Thursday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the stock. Walmart has an average rating of “Buy” and an average target price of $112.68.



In related news, Director S Robson Walton sold 1,322,329 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the sale, the director now directly owns 3,347,511 shares in the company, valued at approximately $341,580,022.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 820,736 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $101.45, for a total value of $83,263,667.20. Following the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,775,586,016. The disclosure for this sale can be found here. Insiders have sold a total of 3,918,191 shares of company stock valued at $405,136,249 over the last 90 days. 51.11% of the stock is currently owned by company insiders.

Shares of Walmart stock traded up $0.30 during trading on Friday, hitting $112.99. 10,817,600 shares of the stock traded hands, compared to its average volume of 5,421,339. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market cap of $303.17 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 4.64 and a beta of 0.41. The firm’s fifty day moving average is $111.36 and its 200-day moving average is $103.71. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $115.49.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. On average, analysts forecast that Walmart Inc will post 4.85 earnings per share for the current fiscal year.

Walmart 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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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