DekaBank Deutsche Girozentrale Buys 99,352 Shares of Walmart Inc (NYSE:WMT)

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DekaBank Deutsche Girozentrale boosted its holdings in shares of Walmart Inc (NYSE:WMT) by 20.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,107 shares of the retailer’s stock after buying an additional 99,352 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Walmart were worth $64,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. FMR LLC grew its stake in Walmart by 0.4% during the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares during the last quarter. Geode Capital Management LLC grew its stake in Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares during the last quarter. Fisher Asset Management LLC grew its stake in Walmart by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 10,628,920 shares of the retailer’s stock valued at $1,174,389,000 after purchasing an additional 251,933 shares during the last quarter. Legal & General Group Plc grew its stake in Walmart by 6.5% during the 4th quarter. Legal & General Group Plc now owns 7,499,260 shares of the retailer’s stock valued at $698,461,000 after purchasing an additional 458,491 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in Walmart by 4.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,774,303 shares of the retailer’s stock valued at $351,576,000 after purchasing an additional 160,995 shares during the last quarter. 30.05% of the stock is currently owned by institutional investors.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judith J. Mckenna sold 4,243 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following 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 disclosure for this sale can be found here. Insiders have sold 5,559,285 shares of company stock worth $571,021,654 in the last quarter. 50.22% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. Goldman Sachs Group assumed coverage on Walmart in a research note on Thursday, July 11th. They set a “buy” rating and a $123.00 price target on the stock. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a research note on Friday, May 17th. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Wednesday, May 22nd. Morgan Stanley boosted their price target on Walmart from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Finally, Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.56.

Shares of WMT stock opened at $107.41 on Wednesday. The stock has a market capitalization of $306.25 billion, a P/E ratio of 21.88, a P/E/G ratio of 4.69 and a beta of 0.41. The business’s 50 day simple moving average is $111.38. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. Walmart Inc has a 12-month low of $85.78 and a 12-month high of $115.49.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The company had revenue of $122.95 billion for the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. Walmart’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. Equities research analysts anticipate that Walmart Inc will post 4.84 EPS for the current year.

Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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