AHL Investment Management Inc. Cuts Position in Walmart Inc. (NYSE:WMT)

AHL Investment Management Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 2.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 22,595 shares of the retailer’s stock after selling 640 shares during the quarter. AHL Investment Management Inc.’s holdings in Walmart were worth $1,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Swiss National Bank raised its holdings in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the period. Canada Pension Plan Investment Board raised its holdings in Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after acquiring an additional 8,225,552 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. KeyCorp upped their price target on shares of Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Guggenheim upped their price target on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird upped their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $83.89.

Walmart Price Performance

Shares of WMT opened at $83.69 on Wednesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $83.77. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $80.08 and a 200 day moving average of $71.58. The company has a market capitalization of $672.72 billion, a P/E ratio of 43.51, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.