Hexavest Inc. Reduces Position in Walmart Inc (NYSE:WMT)

Hexavest Inc. decreased its stake in Walmart Inc (NYSE:WMT) by 30.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,350 shares of the retailer’s stock after selling 8,910 shares during the period. Hexavest Inc.’s holdings in Walmart were worth $2,847,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Walmart by 1.2% in the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock valued at $8,094,312,000 after buying an additional 835,420 shares in the last quarter. Fisher Asset Management LLC raised its position in Walmart by 2.8% during the 2nd quarter. Fisher Asset Management LLC now owns 11,043,157 shares of the retailer’s stock worth $1,322,749,000 after buying an additional 295,585 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Walmart by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,975,190 shares of the retailer’s stock worth $835,488,000 after buying an additional 441,514 shares during the last quarter. California Public Employees Retirement System raised its position in Walmart by 3.8% during the 2nd quarter. California Public Employees Retirement System now owns 6,384,265 shares of the retailer’s stock worth $764,707,000 after buying an additional 231,687 shares during the last quarter. Finally, Swiss National Bank raised its position in Walmart by 0.8% during the 2nd quarter. Swiss National Bank now owns 6,313,958 shares of the retailer’s stock worth $756,286,000 after buying an additional 52,400 shares during the last quarter. Institutional investors and hedge funds own 29.34% of the company’s stock.

In other news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $138.54, for a total transaction of $11,775,900.00. Following the completion of the sale, the executive vice president now directly owns 1,776,505 shares in the company, valued at approximately $246,117,002.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total value of $103,186,062.00. Following the sale, the insider now owns 11,323,580 shares of the company’s stock, valued at $1,553,595,176. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 926,690 shares of company stock valued at $126,563,837. Insiders own 50.43% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Walmart in a report on Friday, August 14th. They issued a “buy” rating and a $148.00 price target for the company. BMO Capital Markets increased their price target on shares of Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. They noted that the move was a valuation call. UBS Group set a $148.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Wednesday, September 2nd. Barclays reiterated a “buy” rating and issued a $140.00 price target on shares of Walmart in a report on Monday, August 31st. Finally, Citigroup increased their price target on shares of Walmart from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Walmart currently has a consensus rating of “Buy” and an average price target of $140.75.

Shares of WMT opened at $143.94 on Thursday. The stock has a fifty day moving average of $139.40 and a two-hundred day moving average of $128.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The company has a market capitalization of $407.89 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. Walmart Inc has a fifty-two week low of $102.00 and a fifty-two week high of $151.33.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. Walmart’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. As a group, equities research analysts forecast that Walmart Inc will post 5.28 earnings per share for the current fiscal 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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