Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Walmart Inc (NYSE:WMT) by 173.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,845,500 shares of the retailer’s stock after buying an additional 1,171,222 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.06% of Walmart worth $158,067,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mitchell Capital Management Co. raised its stake in shares of Walmart by 107.9% during the first quarter. Mitchell Capital Management Co. now owns 10,386 shares of the retailer’s stock valued at $924,000 after acquiring an additional 5,390 shares during the last quarter. Davidson Investment Advisors raised its stake in shares of Walmart by 13.2% during the first quarter. Davidson Investment Advisors now owns 257,579 shares of the retailer’s stock valued at $22,917,000 after acquiring an additional 30,049 shares during the last quarter. DT Investment Partners LLC raised its stake in shares of Walmart by 6.0% during the first quarter. DT Investment Partners LLC now owns 31,245 shares of the retailer’s stock valued at $2,780,000 after acquiring an additional 1,755 shares during the last quarter. KHP Capital LLC bought a new position in shares of Walmart during the first quarter valued at about $142,000. Finally, Trustcore Financial Services LLC raised its stake in shares of Walmart by 24.2% during the first quarter. Trustcore Financial Services LLC now owns 4,726 shares of the retailer’s stock valued at $420,000 after acquiring an additional 920 shares during the last quarter. Institutional investors and hedge funds own 29.43% of the company’s stock.
In other Walmart news, insider Jacqueline P. Canney sold 1,575 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $95.48, for a total value of $150,381.00. Following the sale, the insider now owns 57,276 shares in the company, valued at $5,468,712.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 510,893 shares of the company’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $83.15, for a total transaction of $42,480,752.95. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at approximately $561,144,427. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,730,786 shares of company stock worth $632,528,709. Corporate insiders own 51.11% of the company’s stock.
Shares of WMT opened at $94.59 on Friday. The stock has a market capitalization of $284.30 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 3.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. equities analysts predict that Walmart Inc will post 4.8 earnings per share for the current year.
Several brokerages have recently commented on WMT. Oppenheimer reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Walmart in a research note on Thursday, August 16th. Robert W. Baird upped their price objective on shares of Walmart to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Zacks Investment Research raised shares of Walmart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Stephens set a $115.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Stifel Nicolaus reissued a “neutral” rating and issued a $95.00 price target on shares of Walmart in a research note on Friday, August 17th. Twenty analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $100.95.
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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