Walmart Inc (WMT) Shares Bought by Sound Shore Management Inc. CT

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Sound Shore Management Inc. CT raised its holdings in shares of Walmart Inc (NYSE:WMT) by 20.2% in the 2nd quarter, Holdings Channel reports. The fund owned 1,922,976 shares of the retailer’s stock after purchasing an additional 323,698 shares during the quarter. Walmart makes up approximately 2.8% of Sound Shore Management Inc. CT’s holdings, making the stock its 18th largest holding. Sound Shore Management Inc. CT’s holdings in Walmart were worth $164,703,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hanseatic Management Services Inc. raised its position in shares of Walmart by 106.0% during the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after acquiring an additional 618 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of Walmart during the 4th quarter valued at $123,000. G&S Capital LLC bought a new stake in shares of Walmart during the 4th quarter valued at $128,000. Wagner Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter valued at $132,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Walmart during the 4th quarter valued at $138,000. Institutional investors own 29.68% of the company’s stock.

Several analysts have commented on the stock. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of Walmart in a research report on Thursday. Credit Suisse Group set a $85.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Co set a $95.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley set a $98.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday. Finally, Oppenheimer set a $100.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday. Nineteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Walmart has a consensus rating of “Buy” and an average price target of $98.23.

Shares of NYSE WMT opened at $98.64 on Friday. The firm has a market capitalization of $267.15 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.31 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.20. Walmart Inc has a 1-year low of $77.50 and a 1-year high of $109.98.

Walmart (NYSE:WMT) last announced its earnings results 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 firm had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 EPS. sell-side analysts expect that Walmart Inc will post 4.81 earnings per share for the current year.

In related news, major shareholder Alice L. Walton sold 510,893 shares of the company’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $83.15, for a total value of $42,480,752.95. Following the completion of the transaction, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $561,144,427. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 592,155 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $84.64, for a total transaction of $50,119,999.20. Following the completion of the transaction, the insider now directly owns 10,507,224 shares of the company’s stock, valued at $889,331,439.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,792,256 shares of company stock valued at $740,486,626. Company insiders own 51.11% of the company’s stock.

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, 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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