Perella Weinberg Partners Capital Management LP cut its holdings in shares of Walmart Inc (NYSE:WMT) by 14.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,819 shares of the retailer’s stock after selling 16,061 shares during the period. Perella Weinberg Partners Capital Management LP’s holdings in Walmart were worth $9,280,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in WMT. Osborn Williams & Donohoe LLC bought a new position in shares of Walmart during the second quarter worth about $506,000. Northwest Wealth Management LLC bought a new position in shares of Walmart during the second quarter worth about $186,000. Private Asset Management Inc. lifted its position in shares of Walmart by 8.3% during the second quarter. Private Asset Management Inc. now owns 12,205 shares of the retailer’s stock worth $1,086,000 after purchasing an additional 940 shares during the last quarter. Banced Corp bought a new position in shares of Walmart during the second quarter worth about $358,000. Finally, Denali Advisors LLC lifted its position in shares of Walmart by 13.5% during the second quarter. Denali Advisors LLC now owns 223,751 shares of the retailer’s stock worth $19,164,000 after purchasing an additional 26,600 shares during the last quarter. Institutional investors own 29.42% of the company’s stock.
In other Walmart news, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.63, for a total value of $190,186,616.96. Following the transaction, the insider now owns 10,557,224 shares in the company, valued at $999,030,107.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 594,396 shares of Walmart stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is currently owned by company insiders.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. Sell-side analysts predict that Walmart Inc will post 4.77 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. Stifel Nicolaus reissued a “neutral” rating and issued a $95.00 target price on shares of Walmart in a report on Friday, August 17th. Telsey Advisory Group raised their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, August 17th. Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of Walmart in a report on Thursday, August 16th. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Walmart in a report on Thursday, August 9th. Finally, Zacks Investment Research cut shares of Walmart from a “hold” rating to a “sell” rating in a report on Monday, August 6th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $103.16.
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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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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