Great West Life Assurance Co. Can Increases Stake in Walmart Inc (NYSE:WMT)
Great West Life Assurance Co. Can grew its position in shares of Walmart Inc (NYSE:WMT) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,286,078 shares of the retailer’s stock after purchasing an additional 205,282 shares during the period. Great West Life Assurance Co. Can owned approximately 0.08% of Walmart worth $195,941,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Walmart during the 2nd quarter valued at approximately $1,761,000. Burke & Herbert Bank & Trust Co. purchased a new stake in Walmart in the 2nd quarter worth approximately $1,577,000. RB Capital Management LLC purchased a new stake in Walmart in the 2nd quarter worth approximately $271,000. FormulaFolio Investments LLC grew its stake in Walmart by 7.2% in the 2nd quarter. FormulaFolio Investments LLC now owns 26,995 shares of the retailer’s stock worth $2,312,000 after acquiring an additional 1,807 shares during the period. Finally, Martingale Asset Management L P grew its stake in Walmart by 11.1% in the 2nd quarter. Martingale Asset Management L P now owns 687,227 shares of the retailer’s stock worth $58,862,000 after acquiring an additional 68,902 shares during the period. Institutional investors own 29.43% of the company’s stock.
Walmart stock traded down $0.53 during trading hours on Friday, hitting $94.59. The company had a trading volume of 6,274,741 shares, compared to its average volume of 9,715,309. Walmart Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The firm has a market cap of $284.30 billion, a PE ratio of 21.40, a P/E/G ratio of 3.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.
In other Walmart news, major shareholder Alice L. Walton sold 1,030,640 shares of the stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $96.65, for a total value of $99,611,356.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $652,250,257. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The disclosure for this sale can be found here. Insiders sold a total of 6,730,786 shares of company stock worth $632,528,709 over the last quarter. 51.11% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on WMT shares. UBS Group boosted their price objective on shares of Walmart from $93.00 to $102.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Argus set a $112.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Stephens set a $115.00 target price on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 17th. Wells Fargo & Co restated a “neutral” rating and set a $95.00 target price on shares of Walmart in a report on Thursday, August 16th. Finally, Morgan Stanley restated a “neutral” rating and set a $93.00 target price on shares of Walmart in a report on Wednesday, June 13th. Twenty research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $100.95.
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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