Brandywine Global Investment Management LLC Sells 4,490 Shares of Walmart Inc. (NYSE:WMT)

Brandywine Global Investment Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 9.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 44,033 shares of the retailer’s stock after selling 4,490 shares during the period. Brandywine Global Investment Management LLC’s holdings in Walmart were worth $6,210,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kornitzer Capital Management Inc. KS lifted its stake in Walmart by 0.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 185,562 shares of the retailer’s stock worth $26,168,000 after purchasing an additional 935 shares during the last quarter. Schroder Investment Management Group lifted its stake 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 last quarter. Eqis Capital Management Inc. lifted its stake 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 last quarter. Tudor Investment Corp Et Al lifted its stake 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 last quarter. Finally, QS Investors LLC lifted its stake in Walmart by 7.9% in the first quarter. QS Investors LLC now owns 179,425 shares of the retailer’s stock worth $24,372,000 after purchasing an additional 13,179 shares during the last quarter. 30.22% of the stock is owned by institutional investors.

Shares of WMT opened at $138.37 on Thursday. The stock has a market cap of $385.84 billion, a PE ratio of 38.98, 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 fifty-two week low of $126.28 and a fifty-two week high of $153.66. The firm’s 50-day simple moving average is $144.99 and its two-hundred day simple moving average is $141.76.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.21. The business 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%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. Equities research analysts predict that Walmart Inc. will post 6.3 EPS for the current year.

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, July 22nd. The shares were sold at an average price of $141.21, for a total transaction of $1,370,866.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 637,141 shares of the stock in a transaction that occurred on Wednesday, August 18th. The shares were sold at an average price of $150.64, for a total transaction of $95,978,920.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,212,124 shares of company stock worth $1,213,033,182. Insiders own 48.44% of the company’s stock.

Several research firms have weighed in on WMT. Evercore ISI reissued a “hold” rating on shares of Walmart in a research note on Thursday, August 19th. Telsey Advisory Group boosted their price objective on shares of Walmart from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, August 18th. Credit Suisse Group set a $166.00 price objective on shares of Walmart in a research report on Tuesday, August 24th. DA Davidson restated a “buy” rating on shares of Walmart in a research report on Wednesday, August 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $181.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, August 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Buy” and an average price target of $169.84.

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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