Strategy Asset Managers LLC Buys 7,540 Shares of Walmart Inc (WMT)

Strategy Asset Managers LLC lifted its stake in shares of Walmart Inc (NYSE:WMT) by 43.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,990 shares of the retailer’s stock after acquiring an additional 7,540 shares during the quarter. Strategy Asset Managers LLC’s holdings in Walmart were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Walmart in the second quarter valued at $624,899,000. Putnam Investments LLC increased its holdings in Walmart by 836.2% in the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after buying an additional 4,922,857 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Walmart by 1,431.8% in the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after buying an additional 3,105,600 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in Walmart in the second quarter valued at $265,661,000. Finally, Cornerstone Wealth Management LLC increased its holdings in Walmart by 8,606.2% in the second quarter. Cornerstone Wealth Management LLC now owns 1,818,288 shares of the retailer’s stock valued at $21,648,000 after buying an additional 1,797,403 shares during the last quarter. 29.42% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director S Robson Walton sold 881,158 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the sale, the director now owns 3,347,254 shares in the company, valued at $326,691,990.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline P. Canney sold 1,575 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $95.48, for a total transaction of $150,381.00. Following the sale, the insider now owns 57,276 shares of the company’s stock, valued at approximately $5,468,712.48. The disclosure for this sale can be found here. Insiders have sold 10,199,130 shares of company stock valued at $976,228,654 in the last quarter. Insiders own 51.11% of the company’s stock.

Several equities analysts recently commented on the company. Morningstar set a $96.00 target price on Walmart and gave the company a “sell” rating in a report on Thursday. Cowen increased their target price on Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, October 29th. Credit Suisse Group set a $85.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, August 16th. Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of Walmart in a report on Thursday, August 16th. Finally, Wells Fargo & Co reissued a “neutral” rating and issued a $95.00 target price on shares of Walmart in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $103.16.

NYSE WMT opened at $104.88 on Friday. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The firm has a market capitalization of $306.10 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 4.27 and a beta of 0.35. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc will post 4.77 EPS 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, 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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