Walmart Inc (NYSE:WMT) Holdings Lifted by Meag Munich Ergo Kapitalanlagegesellschaft MBH

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Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Walmart Inc (NYSE:WMT) by 343.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,789 shares of the retailer’s stock after buying an additional 41,655 shares during the quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Walmart were worth $5,222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Walmart by 1.1% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock valued at $939,000 after acquiring an additional 100 shares in the last quarter. Home Federal Bank of Tennessee raised its holdings in Walmart by 1.3% in the first quarter. Home Federal Bank of Tennessee now owns 8,168 shares of the retailer’s stock worth $797,000 after purchasing an additional 105 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Walmart by 45.1% in the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after purchasing an additional 107 shares in the last quarter. Pegasus Asset Management Inc. raised its holdings in Walmart by 1.1% in the fourth quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock worth $914,000 after purchasing an additional 107 shares in the last quarter. Finally, Eagle Capital Management LLC raised its holdings in Walmart by 0.4% in the first quarter. Eagle Capital Management LLC now owns 27,397 shares of the retailer’s stock worth $2,672,000 after purchasing an additional 110 shares in the last quarter. 29.79% of the stock is owned by institutional investors.

In other Walmart news, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the completion of the transaction, the insider now directly owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gregory S. Foran sold 74,019 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $100.00, for a total value of $7,401,900.00. Following the completion of the transaction, the insider now directly owns 362,861 shares of the company’s stock, valued at $36,286,100. The disclosure for this sale can be found here. Insiders sold 11,674,015 shares of company stock valued at $1,172,639,093 over the last three months. 51.11% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on WMT. Credit Suisse Group reiterated a “neutral” rating and issued a $103.00 target price on shares of Walmart in a report on Wednesday, February 20th. Morgan Stanley set a $113.00 target price on shares of Walmart and gave the stock an “overweight” rating in a report on Wednesday, February 20th. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 target price on shares of Walmart in a report on Thursday, February 21st. Bank of America set a $120.00 target price on shares of Walmart and gave the stock a “buy” rating in a report on Wednesday, February 20th. Finally, Sanford C. Bernstein upgraded shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price for the company in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $108.26.

Shares of NYSE WMT opened at $108.82 on Thursday. Walmart Inc has a 52 week low of $82.37 and a 52 week high of $108.97. The company has a market capitalization of $308.14 billion, a P/E ratio of 22.16, a PEG ratio of 4.73 and a beta of 0.36. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the previous year, the company posted $1.14 earnings per share. Walmart’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts predict that Walmart Inc will post 4.82 earnings per share for the current fiscal year.

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Walmart Company Profile

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.

Read More: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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