Wafra Inc. decreased its stake in shares of Walmart Inc (NYSE:WMT) by 31.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,166 shares of the retailer’s stock after selling 2,874 shares during the period. Wafra Inc.’s holdings in Walmart were worth $681,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in Walmart by 184.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after purchasing an additional 3,015,931 shares during the period. Thoroughbred Financial Services LLC boosted its stake in shares of Walmart by 11,482.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after purchasing an additional 2,423,276 shares during the last quarter. Railway Pension Investments Ltd acquired a new stake in shares of Walmart during the 2nd quarter worth approximately $13,798,000. Vanguard Group Inc. grew its position in shares of Walmart by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after buying an additional 920,813 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in shares of Walmart by 650.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 718,749 shares of the retailer’s stock worth $79,415,000 after buying an additional 622,959 shares during the period. Institutional investors and hedge funds own 30.11% of the company’s stock.
WMT traded up $0.19 during trading on Wednesday, reaching $116.70. The company had a trading volume of 193,411 shares, compared to its average volume of 5,492,452. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $118.19. The business’s fifty day moving average price is $112.20 and its 200 day moving average price is $106.19. The company has a market cap of $334.00 billion, a P/E ratio of 23.77, a PEG ratio of 5.06 and a beta of 0.39.
In other news, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,580 shares of company stock worth $1,658,306. Insiders own 50.22% of the company’s stock.
Several brokerages recently weighed in on WMT. Loop Capital increased their price objective on shares of Walmart to $115.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the company a “hold” rating in a research report on Thursday, August 15th. Deutsche Bank set a $124.00 target price on shares of Walmart and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada set a $112.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday, August 15th. Finally, KeyCorp increased their price target on Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $115.76.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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