Hilltop Holdings Inc. reduced its position in Walmart Inc (NYSE:WMT) by 21.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,646 shares of the retailer’s stock after selling 1,299 shares during the quarter. Hilltop Holdings Inc.’s holdings in Walmart were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. CSat Investment Advisory L.P. purchased a new stake in Walmart during the second quarter valued at $111,000. Stelac Advisory Services LLC purchased a new stake in Walmart during the first quarter valued at $126,000. Kiley Juergens Wealth Management LLC purchased a new stake in Walmart during the second quarter valued at $165,000. Adviser Investments LLC raised its stake in Walmart by 77.0% during the second quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock valued at $166,000 after purchasing an additional 842 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in Walmart during the second quarter valued at $176,000. Institutional investors and hedge funds own 29.32% of the company’s stock.

Several brokerages have recently weighed in on WMT. Credit Suisse Group set a $85.00 target price on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, August 16th. Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. Wells Fargo & Co reissued a “neutral” rating and issued a $95.00 target price on shares of Walmart in a research note on Thursday, August 16th. Robert W. Baird increased their target price on shares of Walmart to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 16th. Finally, Oppenheimer reissued a “neutral” rating and issued a $100.00 target price on shares of Walmart in a research note on Thursday, August 16th. Eighteen research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $102.37.

In other news, Director S Robson Walton sold 807,654 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $94.46, for a total transaction of $76,290,996.84. Following the sale, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $316,181,612.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 1,575 shares of the firm’s stock in a transaction that occurred on 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 directly owns 57,276 shares in the company, valued at approximately $5,468,712.48. The disclosure for this sale can be found here. Insiders have sold a total of 10,199,130 shares of company stock worth $976,228,654 in the last ninety days. Corporate insiders own 51.11% of the company’s stock.

Shares of Walmart stock traded up $0.89 during midday trading on Friday, hitting $94.81. The company had a trading volume of 8,487,581 shares, compared to its average volume of 9,387,817. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $278.20 billion, a P/E ratio of 21.45, a PEG ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. As a group, research analysts anticipate that Walmart Inc will post 4.81 earnings per share for the current fiscal 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, 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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