Standard Life Aberdeen plc reduced its position in Walmart Inc (NYSE:WMT) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 1,662,808 shares of the retailer’s stock after selling 13,466 shares during the period. Standard Life Aberdeen plc’s holdings in Walmart were worth $156,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of Walmart by 4.8% in the third quarter. Blair William & Co. IL now owns 391,462 shares of the retailer’s stock worth $36,762,000 after buying an additional 17,834 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of Walmart by 10.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 13,871 shares of the retailer’s stock worth $1,303,000 after buying an additional 1,260 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of Walmart by 20.5% in the third quarter. Banco Santander S.A. now owns 353,438 shares of the retailer’s stock worth $33,192,000 after buying an additional 60,030 shares in the last quarter. Summit Securities Group LLC lifted its holdings in shares of Walmart by 412.9% in the third quarter. Summit Securities Group LLC now owns 21,800 shares of the retailer’s stock worth $2,047,000 after buying an additional 17,550 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd lifted its holdings in shares of Walmart by 40.3% in the third quarter. Mandatum Life Insurance Co Ltd now owns 8,153 shares of the retailer’s stock worth $766,000 after buying an additional 2,340 shares in the last quarter. Institutional investors and hedge funds own 29.18% of the company’s stock.
Shares of WMT opened at $93.19 on Friday. Walmart Inc has a twelve month low of $81.78 and a twelve month high of $109.98. The firm has a market capitalization of $280.74 billion, a PE ratio of 21.08, a PEG ratio of 3.86 and a beta of 0.32. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The business had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. On average, equities research analysts predict that Walmart Inc will post 4.81 earnings per share for the current year.
Several research firms have recently commented on WMT. Robert W. Baird boosted their target price on shares of Walmart to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 16th. Oppenheimer reissued a “neutral” rating and issued a $100.00 target price on shares of Walmart in a report on Thursday, August 16th. BMO Capital Markets began coverage on shares of Walmart in a research note on Monday, September 17th. They set an “outperform” rating and a $110.00 price target on the stock. Zacks Investment Research raised shares of Walmart from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and set a $95.00 price target on shares of Walmart in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $104.04.
In other news, insider John R. Furner sold 4,000 shares of the stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $97.34, for a total value of $389,360.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 1,030,640 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $96.65, for a total transaction of $99,611,356.00. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at $652,250,257. The disclosure for this sale can be found here. In the last three months, insiders sold 12,891,107 shares of company stock worth $1,236,447,886. Insiders own 51.11% of the company’s stock.
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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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