Grisanti Capital Management LLC lowered its stake in shares of Walmart Inc (NYSE:WMT) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,920 shares of the retailer’s stock after selling 2,202 shares during the quarter. Grisanti Capital Management LLC’s holdings in Walmart were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Centric Wealth Management boosted its holdings in Walmart by 6.6% in the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after acquiring an additional 322 shares in the last quarter. Carroll Financial Associates Inc. boosted its holdings in Walmart by 35.0% in the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares in the last quarter. CWM LLC boosted its holdings in Walmart by 100.9% in the first quarter. CWM LLC now owns 99,577 shares of the retailer’s stock worth $9,712,000 after acquiring an additional 50,003 shares in the last quarter. Eads & Heald Wealth Management boosted its holdings in Walmart by 22.2% in the first quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock worth $1,890,000 after acquiring an additional 3,520 shares in the last quarter. Finally, Charter Trust Co. boosted its holdings in Walmart by 0.7% in the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after acquiring an additional 301 shares in the last quarter. 30.05% of the stock is currently owned by institutional investors.
WMT stock traded up $0.30 during trading on Friday, hitting $112.99. 10,817,600 shares of the company traded hands, compared to its average volume of 5,421,339. The stock’s 50-day simple moving average is $111.36 and its 200 day simple moving average is $103.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The company has a market cap of $303.17 billion, a PE ratio of 23.01, a P/E/G ratio of 4.64 and a beta of 0.41. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $115.49.
Several equities research analysts have weighed in on WMT shares. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $115.00 to $125.00 in a report on Thursday. UBS Group raised their price target on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. BMO Capital Markets raised their price target on Walmart to $125.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the stock a “neutral” rating in a report on Friday. Finally, Deutsche Bank lifted their target price on Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $112.68.
In related news, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the transaction, the director now directly owns 3,347,511 shares in the company, valued at $341,580,022.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jim C. Walton sold 820,736 shares of Walmart stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $101.45, for a total value of $83,263,667.20. Following the transaction, the insider now owns 17,502,080 shares of the company’s stock, valued at $1,775,586,016. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,918,191 shares of company stock valued at $405,136,249. 51.11% of the stock is owned by company insiders.
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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