Oakbrook Investments LLC raised its stake in Walmart Inc (NYSE:WMT) by 31.7% in the first quarter, HoldingsChannel reports. The firm owned 65,003 shares of the retailer’s stock after acquiring an additional 15,630 shares during the quarter. Oakbrook Investments LLC’s holdings in Walmart were worth $6,340,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in shares of Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after acquiring an additional 1,110,593 shares during the period. FMR LLC boosted its stake in shares of Walmart by 14.6% during the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after acquiring an additional 3,058,978 shares during the period. Geode Capital Management LLC boosted its stake in shares of Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Northern Trust Corp boosted its stake in shares of Walmart by 1.8% during the 4th quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock worth $1,639,326,000 after acquiring an additional 310,609 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Walmart by 2,899.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after acquiring an additional 14,058,442 shares during the period. Hedge funds and other institutional investors own 28.63% of the company’s stock.
Several research analysts have recently commented on the company. Credit Suisse Group reiterated a “neutral” rating and set a $103.00 target price on shares of Walmart in a research note on Wednesday, February 20th. Wolfe Research cut Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Deutsche Bank lifted their price target on Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group lifted their price target on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, Daiwa Capital Markets raised Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $107.19.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. As a group, equities research analysts forecast that Walmart Inc will post 4.81 EPS for the current fiscal year.
In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of Walmart stock in a transaction on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the completion of the transaction, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director S Robson Walton sold 1,614,118 shares of Walmart stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $98.32, for a total value of $158,700,081.76. Following the completion of the transaction, the director now directly owns 3,347,379 shares of the company’s stock, valued at $329,114,303.28. The disclosure for this sale can be found here. Insiders sold a total of 14,241,635 shares of company stock valued at $1,413,205,319 over the last ninety days. Insiders own 51.11% of the company’s stock.
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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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