L & S Advisors Inc cut its stake in Walmart Inc (NYSE:WMT) by 33.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,540 shares of the retailer’s stock after selling 11,987 shares during the period. L & S Advisors Inc’s holdings in Walmart were worth $2,601,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of WMT. Geode Capital Management LLC boosted its holdings in Walmart by 9.2% in 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 period. Carnick & Kubik Group LLC lifted its holdings in shares of Walmart by 0.6% during the 1st quarter. Carnick & Kubik Group LLC now owns 38,352 shares of the retailer’s stock worth $3,740,000 after acquiring an additional 210 shares during the period. D.B. Root & Company LLC lifted its holdings in shares of Walmart by 2.0% during the 1st quarter. D.B. Root & Company LLC now owns 10,983 shares of the retailer’s stock worth $1,071,000 after acquiring an additional 212 shares during the period. Paradigm Financial Advisors LLC lifted its holdings in shares of Walmart by 10.2% during the 1st quarter. Paradigm Financial Advisors LLC now owns 3,719 shares of the retailer’s stock worth $363,000 after acquiring an additional 343 shares during the period. Finally, Virtu Financial LLC bought a new position in Walmart during the 1st quarter valued at about $1,278,000. 30.05% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the stock. Goldman Sachs Group set a $123.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Thursday, August 15th. Deutsche Bank set a $124.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, May 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 price target (up from $118.00) on shares of Walmart in a report on Friday, August 16th. Finally, Robert W. Baird reissued a “positive” rating and set a $120.00 price target (up from $115.00) on shares of Walmart in a report on Thursday, August 15th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $115.33.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the previous year, the company earned $1.29 EPS. Walmart’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc will post 4.91 EPS for the current fiscal year.
In related news, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the transaction, the insider now owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,580 shares of company stock valued at $1,658,306. 51.11% of the stock is owned by corporate insiders.
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.
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).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.