MV Capital Management Inc. Boosts Stock Position in Walmart Inc. (NYSE:WMT)

MV Capital Management Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 19.9% in the first quarter, Holdings Channel.com reports. The firm owned 12,935 shares of the retailer’s stock after acquiring an additional 2,143 shares during the quarter. MV Capital Management Inc.’s holdings in Walmart were worth $1,757,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Walmart in the fourth quarter valued at approximately $2,164,014,000. The Manufacturers Life Insurance Company lifted its holdings in Walmart by 39.8% in the first quarter. The Manufacturers Life Insurance Company now owns 3,822,254 shares of the retailer’s stock valued at $519,177,000 after acquiring an additional 1,088,668 shares during the last quarter. HighTower Advisors LLC acquired a new position in Walmart in the first quarter valued at approximately $135,801,000. Cibc World Markets Corp lifted its holdings in Walmart by 147.7% in the fourth quarter. Cibc World Markets Corp now owns 1,096,164 shares of the retailer’s stock valued at $158,012,000 after acquiring an additional 653,581 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Walmart by 239.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 902,432 shares of the retailer’s stock valued at $130,086,000 after acquiring an additional 636,884 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

In other news, major shareholder Alice L. Walton sold 1,549,788 shares of the stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $142.27, for a total transaction of $220,488,338.76. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $960,120,476.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $141.01, for a total transaction of $1,368,925.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,235,353 shares of company stock worth $1,301,680,977. Corporate insiders own 50.43% of the company’s stock.

A number of research analysts have commented on the company. The Goldman Sachs Group restated a “buy” rating and set a $170.00 price target on shares of Walmart in a research note on Tuesday, May 18th. Credit Suisse Group assumed coverage on Walmart in a research note on Wednesday, May 19th. They set an “outperform” rating and a $150.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $165.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 19th. UBS Group upped their price target on Walmart from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, May 19th. Finally, Citigroup upped their price target on Walmart from $172.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the stock. Walmart currently has an average rating of “Buy” and a consensus target price of $162.20.

Shares of WMT stock traded up $0.25 during mid-day trading on Friday, hitting $140.13. 43,485 shares of the stock were exchanged, compared to its average volume of 8,714,280. The firm’s fifty day moving average price is $140.25. The company has a market capitalization of $392.66 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46. Walmart Inc. has a 12-month low of $117.01 and a 12-month high of $153.66. The company has a quick ratio of 0.37, a current ratio of 0.95 and a debt-to-equity ratio of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, May 18th. The retailer reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.48. The company had revenue of $138.30 billion for the quarter, compared to analyst estimates of $131.53 billion. Walmart had a return on equity of 19.92% and a net margin of 2.18%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.18 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 5.95 earnings per share for the current year.

Walmart announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 18th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to buy up to 5.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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