First Hawaiian Bank trimmed its position in shares of Walmart Inc (NYSE:WMT) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,682 shares of the retailer’s stock after selling 2,830 shares during the quarter. First Hawaiian Bank’s holdings in Walmart were worth $2,392,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of WMT. Putnam Investments LLC raised its position in shares of Walmart by 836.2% during the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after purchasing an additional 4,922,857 shares during the period. Renaissance Technologies LLC raised its position in shares of Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after purchasing an additional 3,105,600 shares during the period. AQR Capital Management LLC raised its position in shares of Walmart by 27.2% during the third quarter. AQR Capital Management LLC now owns 12,208,910 shares of the retailer’s stock worth $1,146,539,000 after purchasing an additional 2,608,732 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Walmart by 105.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,370,190 shares of the retailer’s stock worth $213,047,000 after purchasing an additional 1,215,122 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of Walmart by 173.7% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,845,500 shares of the retailer’s stock worth $158,067,000 after purchasing an additional 1,171,222 shares during the period. 29.09% of the stock is currently owned by institutional investors.
Shares of NYSE:WMT opened at $94.84 on Friday. The firm has a market capitalization of $281.10 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 3.85 and a beta of 0.36. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. On average, equities analysts forecast that Walmart Inc will post 4.83 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Walmart to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 8th. Deutsche Bank raised Walmart from a “hold” rating to a “buy” rating and increased their price target for the company from $89.00 to $113.00 in a research report on Tuesday, October 9th. KeyCorp increased their price target on Walmart from $107.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, November 16th. BMO Capital Markets assumed coverage on Walmart in a research report on Monday, September 17th. They issued an “outperform” rating and a $110.00 price target for the company. Finally, Cowen increased their price target on Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, October 29th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $104.18.
In other news, major shareholder Alice L. Walton sold 734,950 shares of the stock in a transaction on Saturday, December 28th. The stock was sold at an average price of $92.48, for a total transaction of $67,968,176.00. Following the completion of the transaction, the insider now owns 7,183,580 shares in the company, valued at approximately $664,337,478.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 500 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $92.00, for a total value of $46,000.00. Following the transaction, the insider now owns 7,183,580 shares of the company’s stock, valued at approximately $660,889,360. The disclosure for this sale can be found here. Insiders have sold a total of 11,818,674 shares of company stock valued at $1,122,286,815 in the last quarter. 51.11% of the stock is owned by corporate insiders.
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Walmart Company 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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