Twin Capital Management Inc. Has $8.86 Million Stock Position in Walmart Inc (NYSE:WMT)

Twin Capital Management Inc. trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 30.9% during the second quarter, Holdings Channel reports. The firm owned 80,220 shares of the retailer’s stock after selling 35,890 shares during the period. Twin Capital Management Inc.’s holdings in Walmart were worth $8,864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Centric Wealth Management raised its stake in shares of Walmart by 6.6% in the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after acquiring an additional 322 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after acquiring an additional 3,733 shares during the last quarter. CWM LLC raised its position in shares of Walmart by 100.9% during the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after acquiring an additional 50,003 shares during the last quarter. Eads & Heald Wealth Management raised its position in shares of Walmart by 22.2% during the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Charter Trust Co. raised its position in shares of Walmart by 0.7% during the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock valued at $4,967,000 after acquiring an additional 301 shares during the last quarter. 30.05% of the stock is currently owned by institutional investors.

In other news, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the sale, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, the insider now directly owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders have sold a total of 5,559,285 shares of company stock worth $571,021,654 over the last three months. Insiders own 51.11% of the company’s stock.

Several equities analysts have recently issued reports on the stock. KeyCorp boosted their price target on shares of Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, June 24th. 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. 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. Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a report on Thursday, May 2nd. Finally, Gordon Haskett raised shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday, May 17th. 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. Walmart currently has a consensus rating of “Buy” and an average price target of $109.71.

NYSE:WMT traded up $4.82 on Thursday, hitting $111.02. 11,756,497 shares of the company’s stock were exchanged, compared to its average volume of 4,928,401. The business has a 50-day simple moving average of $111.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $115.49. The stock has a market capitalization of $300.29 billion, a P/E ratio of 22.61, a P/E/G ratio of 4.60 and a beta of 0.41.

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 1.62% and a return on equity of 18.66%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same period in the previous year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Research analysts anticipate that Walmart Inc will post 4.84 earnings per share 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.

Further Reading: Net Income

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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