Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in Walmart Inc. (NYSE:WMT)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Walmart Inc. (NYSE:WMTGet Rating) by 86.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,018 shares of the retailer’s stock after selling 119,170 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Walmart were worth $2,191,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in WMT. GQG Partners LLC raised its position in Walmart by 48.0% in the first quarter. GQG Partners LLC now owns 15,431,684 shares of the retailer’s stock valued at $2,297,510,000 after purchasing an additional 5,007,342 shares during the period. Aaron Wealth Advisors LLC increased its position in shares of Walmart by 14,883.3% during the first quarter. Aaron Wealth Advisors LLC now owns 3,224,266 shares of the retailer’s stock worth $21,651,000 after acquiring an additional 3,202,747 shares during the last quarter. Walker Asset Management LLC increased its position in shares of Walmart by 6,198.0% during the second quarter. Walker Asset Management LLC now owns 1,457,491 shares of the retailer’s stock worth $201,526,000 after acquiring an additional 1,434,349 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Walmart by 34.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock worth $783,056,000 after acquiring an additional 1,340,328 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Walmart by 60.4% during the first quarter. Ensign Peak Advisors Inc now owns 3,381,078 shares of the retailer’s stock worth $503,508,000 after acquiring an additional 1,272,778 shares during the last quarter. 31.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Walmart from $151.00 to $163.00 in a research report on Wednesday, November 16th. Citigroup lifted their target price on Walmart from $162.00 to $169.00 in a research report on Wednesday, November 16th. Jefferies Financial Group lifted their target price on Walmart from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, October 18th. Robert W. Baird lifted their price target on Walmart from $155.00 to $165.00 in a research note on Tuesday, November 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Walmart from $162.00 to $161.00 in a research note on Friday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $134.04, for a total transaction of $1,301,260.32. Following the sale, the chief executive officer now owns 1,488,043 shares of the company’s stock, valued at $199,457,283.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $134.04, for a total transaction of $1,301,260.32. Following the sale, the chief executive officer now owns 1,488,043 shares of the company’s stock, valued at $199,457,283.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,124,627 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $148.05, for a total value of $314,551,027.35. Following the sale, the insider now directly owns 278,647,135 shares in the company, valued at approximately $41,253,708,336.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,723,319 shares of company stock worth $551,899,783. Company insiders own 47.06% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $152.42 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $137.33 and a 200-day simple moving average of $132.12. The company has a market cap of $413.70 billion, a PE ratio of 47.04, a P/E/G ratio of 4.54 and a beta of 0.52. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77.

Walmart (NYSE:WMTGet Rating) last issued its quarterly earnings data on Tuesday, November 15th. The retailer reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.18. The business had revenue of $152.80 billion during the quarter, compared to the consensus estimate of $146.80 billion. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. On average, equities research analysts forecast that Walmart Inc. will post 6.08 EPS for the current year.

Walmart declared that its board has initiated a stock buyback plan on Tuesday, November 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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