Truepoint Inc. decreased its position in shares of Walmart Inc (NYSE:WMT) by 90.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 349 shares of the retailer’s stock after selling 3,484 shares during the period. Truepoint Inc.’s holdings in Walmart were worth $392,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank increased its position in Walmart by 13.1% during the fourth quarter. Toronto Dominion Bank now owns 644,558 shares of the retailer’s stock worth $63,649,000 after purchasing an additional 74,769 shares during the last quarter. Nepsis Capital Management Inc. acquired a new position in Walmart during the fourth quarter worth approximately $9,476,000. MUFG Securities EMEA plc acquired a new position in Walmart during the fourth quarter worth approximately $31,501,000. Iberiabank Corp increased its position in Walmart by 4.0% during the third quarter. Iberiabank Corp now owns 84,339 shares of the retailer’s stock worth $6,608,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Proffitt & Goodson Inc. acquired a new position in Walmart during the fourth quarter worth approximately $635,000. 29.77% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently commented on WMT shares. BMO Capital Markets set a $96.00 price target on shares of Walmart and gave the stock a “hold” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Bank of America reaffirmed a “buy” rating and set a $98.00 price target on shares of Walmart in a research report on Friday, May 18th. Jefferies Group reaffirmed a “buy” rating and set a $119.00 price target on shares of Walmart in a research report on Friday, February 16th. Finally, Vetr raised shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price target for the company in a research report on Tuesday, February 20th. Nineteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Walmart has a consensus rating of “Buy” and a consensus price target of $96.56.
WMT opened at $82.46 on Friday. The firm has a market cap of $245.91 billion, a P/E ratio of 18.66, a PEG ratio of 2.88 and a beta of 0.54. Walmart Inc has a twelve month low of $73.13 and a twelve month high of $109.98. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The business had revenue of $122.69 billion during the quarter, compared to analyst estimates of $119.29 billion. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. equities analysts forecast that Walmart Inc will post 4.86 earnings per share for the current year.
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.
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