Bollard Group LLC raised its holdings in Walmart Inc (NYSE:WMT) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,295 shares of the retailer’s stock after purchasing an additional 3,253 shares during the quarter. Bollard Group LLC’s holdings in Walmart were worth $2,509,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. grew its stake in shares of Walmart by 1.7% during the first quarter. BlackRock Inc. now owns 89,019,109 shares of the retailer’s stock worth $7,920,031,000 after purchasing an additional 1,467,055 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Walmart by 1.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after purchasing an additional 148,000 shares during the period. Fisher Asset Management LLC grew its stake in shares of Walmart by 4.5% during the second quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after purchasing an additional 417,204 shares during the period. Bank of Montreal Can acquired a new stake in shares of Walmart during the second quarter worth $624,899,000. Finally, Swiss National Bank grew its stake in shares of Walmart by 2.0% during the second quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock worth $480,473,000 after purchasing an additional 109,700 shares during the period. Hedge funds and other institutional investors own 29.43% of the company’s stock.
A number of equities research analysts recently commented on WMT shares. Gordon Haskett cut Walmart from a “buy” rating to an “accumulate” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 17th. Robert W. Baird set a $95.00 price objective on Walmart and gave the stock a “buy” rating in a research note on Thursday, May 10th. Morningstar set a $91.00 price objective on Walmart and gave the stock a “buy” rating in a research note on Thursday, May 10th. Bank of America reaffirmed a “buy” rating and set a $98.00 price objective on shares of Walmart in a research note on Friday, May 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $106.00 price objective on shares of Walmart in a research note on Friday, May 18th. Nineteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Walmart currently has an average rating of “Buy” and a consensus target price of $100.89.
In other news, major shareholder Alice L. Walton sold 1,499,270 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at $572,684,498.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP M. Brett Biggs sold 18,421 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $96.14, for a total value of $1,770,994.94. Following the completion of the sale, the executive vice president now owns 185,557 shares in the company, valued at $17,839,449.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,582,648 shares of company stock worth $934,187,111. Corporate insiders own 51.11% of the company’s stock.
Shares of Walmart stock opened at $96.62 on Thursday. The stock has a market capitalization of $283.97 billion, a PE ratio of 21.86, a PEG ratio of 3.39 and a beta of 0.51. Walmart Inc has a one year low of $77.50 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 earnings per share. analysts predict that Walmart Inc will post 4.78 earnings per share for the current fiscal year.
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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