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

World Asset Management Inc cut its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,858 shares of the retailer’s stock after selling 779 shares during the quarter. Walmart comprises about 0.6% of World Asset Management Inc’s holdings, making the stock its 25th largest position. World Asset Management Inc’s holdings in Walmart were worth $7,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its position in shares of Walmart by 0.5% during the second quarter. Kornitzer Capital Management Inc. KS now owns 185,562 shares of the retailer’s stock worth $26,168,000 after buying an additional 935 shares during the period. Schroder Investment Management Group grew its holdings in Walmart by 10.0% in the first quarter. Schroder Investment Management Group now owns 353,553 shares of the retailer’s stock worth $48,023,000 after purchasing an additional 32,229 shares during the period. Bank of Nova Scotia grew its holdings in Walmart by 7.7% in the first quarter. Bank of Nova Scotia now owns 1,206,574 shares of the retailer’s stock worth $163,889,000 after purchasing an additional 86,702 shares during the period. Eqis Capital Management Inc. grew its holdings in Walmart by 14.2% in the first quarter. Eqis Capital Management Inc. now owns 11,470 shares of the retailer’s stock worth $1,558,000 after purchasing an additional 1,430 shares during the period. Finally, Tudor Investment Corp Et Al grew its holdings in Walmart by 396.0% in the first quarter. Tudor Investment Corp Et Al now owns 113,202 shares of the retailer’s stock worth $15,376,000 after purchasing an additional 90,378 shares during the period. Institutional investors own 30.22% of the company’s stock.

WMT stock traded up $0.06 during mid-day trading on Wednesday, hitting $144.36. The company had a trading volume of 90,670 shares, compared to its average volume of 8,242,497. The firm has a market cap of $402.55 billion, a PE ratio of 40.62, a price-to-earnings-growth ratio of 4.21 and a beta of 0.47. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.38 and a current ratio of 0.96. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The stock’s fifty day moving average price is $145.38 and its two-hundred day moving average price is $140.40.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.57 by $0.21. The business had revenue of $141 billion for the quarter, compared to analyst estimates of $136.07 billion. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.56 earnings per share. Equities analysts anticipate that Walmart Inc. will post 6.3 earnings per share for the current year.

In related news, EVP M. Brett Biggs sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $150.63, for a total transaction of $1,205,040.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 1,362,151 shares of the business’s stock in a transaction that occurred on Friday, June 18th. The stock was sold at an average price of $135.30, for a total transaction of $184,299,030.30. Following the completion of the transaction, the director now directly owns 3,217,347 shares of the company’s stock, valued at approximately $435,307,049.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,035,211 shares of company stock worth $2,963,644,200. Insiders own 48.44% of the company’s stock.

WMT has been the subject of a number of research reports. MKM Partners raised their price target on shares of Walmart from $152.00 to $156.00 and gave the stock a “neutral” rating in a report on Wednesday, August 18th. Stifel Nicolaus restated a “hold” rating and issued a $160.00 price target (up from $155.00) on shares of Walmart in a report on Tuesday, August 17th. Cowen raised their price target on shares of Walmart from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, August 18th. Telsey Advisory Group lifted their price objective on shares of Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, August 18th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $170.00 price objective on shares of Walmart in a report on Tuesday, May 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $167.59.

Walmart Profile

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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