Walmart Inc (NYSE:WMT) Position Cut by Signature Wealth Management Group

Signature Wealth Management Group decreased its position in Walmart Inc (NYSE:WMT) by 12.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,927 shares of the retailer’s stock after selling 400 shares during the period. Signature Wealth Management Group’s holdings in Walmart were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in Walmart by 2,899.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after purchasing an additional 14,058,442 shares during the last quarter. FMR LLC grew its stake in Walmart by 14.6% during the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after purchasing an additional 3,058,978 shares during the period. Geode Capital Management LLC grew its stake in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Acadian Asset Management LLC grew its stake in Walmart by 493.9% in the fourth quarter. Acadian Asset Management LLC now owns 1,732,659 shares of the retailer’s stock valued at $161,400,000 after acquiring an additional 1,440,922 shares during the period. Finally, Vanguard Group Inc grew its stake in Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares during the period. Hedge funds and other institutional investors own 29.79% of the company’s stock.

WMT has been the subject of a number of research reports. DZ Bank reissued a “neutral” rating on shares of Walmart in a research note on Tuesday, February 19th. Guggenheim restated a “buy” rating and issued a $115.00 target price on shares of Walmart in a report on Tuesday, February 19th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $108.00 target price on shares of Walmart in a report on Wednesday, February 20th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price (up previously from $113.00) on shares of Walmart in a report on Wednesday, February 20th. Finally, KeyCorp raised their target price on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.26.

Shares of Walmart stock traded up $0.42 during trading hours on Friday, reaching $109.07. The stock had a trading volume of 4,230,735 shares, compared to its average volume of 6,989,546. Walmart Inc has a twelve month low of $82.37 and a twelve month high of $109.59. The company has a market cap of $310.65 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 4.77 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the prior year, the company earned $1.14 EPS. Walmart’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc will post 4.82 EPS for the current year.

In other news, Director S Robson Walton sold 743,824 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total value of $73,653,452.48. Following the completion of the sale, the director now owns 3,347,379 shares of the company’s stock, valued at approximately $331,457,468.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider David Chojnowski sold 2,000 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,674,015 shares of company stock valued at $1,172,639,093. Corporate insiders own 51.11% of the company’s stock.

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About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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