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.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the prior year, the business posted $1.08 EPS. Walmart’s quarterly revenue was up 4.2% on a year-over-year basis. equities analysts anticipate that Walmart Inc will post 4.8 EPS for the current fiscal year.

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 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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