World Asset Management Inc Has $7.03 Million Stake in Walmart Inc. (NYSE:WMT)

World Asset Management Inc trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,858 shares of the retailer’s stock after selling 779 shares during the quarter. Walmart comprises 0.6% of World Asset Management Inc’s portfolio, making the stock its 25th biggest holding. World Asset Management Inc’s holdings in Walmart were worth $7,031,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in Walmart by 0.3% during the first quarter. BlackRock Inc. now owns 87,856,415 shares of the retailer’s stock worth $11,933,537,000 after buying an additional 231,789 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 2.6% in the first quarter. Geode Capital Management LLC now owns 22,297,352 shares of the retailer’s stock valued at $3,020,213,000 after purchasing an additional 573,176 shares during the last quarter. Morgan Stanley grew its position in shares of Walmart by 3.7% in the first quarter. Morgan Stanley now owns 13,884,021 shares of the retailer’s stock valued at $1,885,866,000 after purchasing an additional 495,284 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 3.4% in the second quarter. Fisher Asset Management LLC now owns 12,626,107 shares of the retailer’s stock valued at $1,780,534,000 after purchasing an additional 411,297 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Walmart by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,533,911 shares of the retailer’s stock valued at $1,159,160,000 after purchasing an additional 65,566 shares during the last quarter. 30.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Jim C. Walton sold 254,700 shares of the company’s stock in a transaction dated Monday, August 23rd. The shares were sold at an average price of $150.93, for a total value of $38,441,871.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 666,540 shares of the stock in a transaction that occurred on Thursday, June 17th. The stock was sold at an average price of $137.71, for a total transaction of $91,789,223.40. Following the transaction, the insider now owns 10,507,124 shares in the company, valued at approximately $1,446,936,046.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,035,211 shares of company stock worth $2,963,644,200. 48.44% of the stock is owned by company insiders.

Several brokerages have recently issued reports on WMT. Royal Bank of Canada raised their price target on Walmart from $163.00 to $173.00 and gave the company an “outperform” rating in a research report on Monday, May 24th. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $158.00 price target on the stock. in a research report on Wednesday, August 18th. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, August 18th. Stephens lifted their target price on Walmart from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, August 13th. Finally, Morgan Stanley reissued a “buy” rating and set a $170.00 target price on shares of Walmart in a research report on Monday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $167.59.

NYSE:WMT traded up $0.06 on Wednesday, hitting $144.36. 90,670 shares of the company’s stock were exchanged, compared to its average volume of 8,242,497. The firm has a 50-day moving average price of $145.38 and a 200-day moving average price of $140.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. Walmart Inc. has a 52 week low of $126.28 and a 52 week high of $153.66. The company has a market cap of $402.55 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 4.21 and a beta of 0.47.

Walmart (NYSE:WMT) last issued its earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.21. The company had revenue of $141 billion for the quarter, compared to analysts’ expectations of $136.07 billion. Walmart had a net margin of 1.78% and a return on equity of 20.22%. Walmart’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 EPS. On average, research analysts expect that Walmart Inc. will post 6.3 earnings per share for the current fiscal year.

About Walmart

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Further Reading: Forex

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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