Farmers & Merchants Investments Inc. raised its stake in shares of Walmart Inc (NYSE:WMT) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,065 shares of the retailer’s stock after purchasing an additional 2,094 shares during the period. Walmart accounts for 1.1% of Farmers & Merchants Investments Inc.’s holdings, making the stock its 20th biggest position. Farmers & Merchants Investments Inc.’s holdings in Walmart were worth $15,806,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. Vanguard Group Inc lifted its stake in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after buying an additional 1,110,593 shares in the last quarter. Wambolt & Associates LLC purchased a new position in shares of Walmart in the fourth quarter worth about $480,000. Royal London Asset Management Ltd. lifted its stake in shares of Walmart by 6.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 604,641 shares of the retailer’s stock worth $55,706,000 after buying an additional 34,220 shares in the last quarter. Wagner Bowman Management Corp lifted its stake in shares of Walmart by 1.1% in the fourth quarter. Wagner Bowman Management Corp now owns 12,200 shares of the retailer’s stock worth $1,136,000 after buying an additional 130 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its position in Walmart by 4.1% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 5,035 shares of the retailer’s stock worth $469,000 after purchasing an additional 199 shares during the last quarter. 29.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of WMT opened at $107.52 on Tuesday. Walmart Inc has a 1-year low of $82.37 and a 1-year high of $107.78. The stock has a market cap of $304.09 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 4.65 and a beta of 0.36. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89.
Several equities research analysts recently issued reports on WMT shares. Zacks Investment Research cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Wolfe Research cut shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Jefferies Financial Group raised their price objective on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup raised their price objective on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $108.26.
In related news, Director S Robson Walton sold 743,824 shares of Walmart stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total value of $73,653,452.48. Following the completion of the transaction, the director now owns 3,347,379 shares in the company, valued at $331,457,468.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 1,649,023 shares of Walmart stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.88, for a total transaction of $163,055,394.24. Following the completion of the transaction, the insider now owns 8,872,375 shares of the company’s stock, valued at approximately $877,300,440. The disclosure for this sale can be found here. Insiders sold 11,674,015 shares of company stock valued at $1,172,639,093 in the last 90 days. Company insiders own 50.22% 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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