Walmart Inc (NYSE:WMT) Stock Position Decreased by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. reduced its stake in Walmart Inc (NYSE:WMT) by 15.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 926,274 shares of the retailer’s stock after selling 167,320 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Walmart were worth $90,340,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clarfeld Financial Advisors LLC purchased a new position in shares of Walmart during the 4th quarter worth about $25,000. C J Advisory Inc purchased a new stake in Walmart in the 1st quarter valued at about $29,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $28,000. Winch Advisory Services LLC raised its holdings in shares of Walmart by 45.1% in the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after purchasing an additional 107 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new position in shares of Walmart during the 1st quarter worth approximately $35,000. Institutional investors own 29.90% of the company’s stock.

A number of research analysts have issued reports on the stock. KeyCorp upped their price target on shares of Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley upped their price objective on shares of Walmart from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Jefferies Financial Group increased their target price on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Zacks Investment Research upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, May 22nd. Finally, UBS Group increased their target price on shares of Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nineteen have given a buy rating to the company’s stock. Walmart currently has a consensus rating of “Hold” and a consensus price target of $108.47.

In other news, EVP Judith J. Mckenna sold 4,243 shares of Walmart stock in a transaction on Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the transaction, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock worth $571,021,654 over the last ninety days. Corporate insiders own 51.11% of the company’s stock.

WMT stock traded up $0.39 during midday trading on Friday, reaching $110.49. 6,506,724 shares of the company were exchanged, compared to its average volume of 6,905,317. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. Walmart Inc has a 1-year low of $83.40 and a 1-year high of $112.22. The company’s 50-day moving average price is $105.12. The company has a market capitalization of $317.12 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 4.82 and a beta of 0.36.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc will post 4.83 EPS for the current year.

Walmart 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, 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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