Tower Research Capital LLC TRC purchased a new position in shares of Walmart Inc (NYSE:WMT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,023 shares of the retailer’s stock, valued at approximately $1,886,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Walmart by 1.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after purchasing an additional 148,000 shares in the last quarter. Fisher Asset Management LLC increased its position in Walmart by 4.5% during the 2nd quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after purchasing an additional 417,204 shares in the last quarter. Bank of Montreal Can purchased a new stake in Walmart in the 2nd quarter valued at about $624,899,000. Finally, Swiss National Bank grew its holdings in Walmart by 2.0% in the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after buying an additional 109,700 shares during the period. 29.32% of the stock is owned by hedge funds and other institutional investors.

In related news, Director S Robson Walton sold 881,158 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 594,396 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now 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. Over the last 90 days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on WMT. Stifel Nicolaus reiterated a “neutral” rating and set a $95.00 target price on shares of Walmart in a report on Friday, August 17th. Morgan Stanley reiterated a “neutral” rating and set a $98.00 target price on shares of Walmart in a report on Thursday, October 4th. Morningstar set a $90.00 target price on Walmart and gave the stock a “neutral” rating in a report on Tuesday, June 26th. Telsey Advisory Group boosted their target price on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Friday, August 17th. Finally, BMO Capital Markets set a $110.00 target price on Walmart and gave the stock a “buy” rating in a report on Sunday, September 23rd. Eighteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $102.37.

Shares of NYSE WMT traded up $0.89 during trading on Friday, reaching $94.81. The stock had a trading volume of 8,487,581 shares, compared to its average volume of 9,387,817. Walmart Inc has a one year low of $81.78 and a one year high of $109.98. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52.

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

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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