Walmart Inc (WMT) Stake Lifted by Vident Investment Advisory LLC
Vident Investment Advisory LLC increased its stake in shares of Walmart Inc (NYSE:WMT) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,639 shares of the retailer’s stock after purchasing an additional 708 shares during the quarter. Vident Investment Advisory LLC’s holdings in Walmart were worth $3,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of 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 buying an additional 1,660,543 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of 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 buying an additional 148,000 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of 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 buying an additional 417,204 shares during the last quarter. Bank of Montreal Can purchased a new stake in Walmart during the 2nd quarter worth about $624,899,000. Finally, Swiss National Bank increased its position in Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock worth $480,473,000 after purchasing an additional 109,700 shares in the last quarter. 29.32% of the stock is owned by hedge funds and other institutional investors.
In other Walmart news, Director S Robson Walton sold 881,158 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at approximately $326,691,990.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John R. Furner sold 9,623 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.04, for a total value of $904,946.92. Following the completion of the transaction, the insider now directly owns 165,402 shares in the company, valued at $15,554,404.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is currently owned by corporate insiders.
Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same period in the prior year, the company posted $1.08 EPS. Walmart’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Walmart Inc will post 4.81 earnings per share for the current fiscal year.
WMT has been the subject of a number of recent research reports. Guggenheim reiterated a “buy” rating and set a $110.00 price objective on shares of Walmart in a research report on Thursday, August 16th. ValuEngine upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Friday, August 17th. Citigroup lifted their price target on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 17th. Finally, Stephens set a $115.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, August 17th. Eighteen equities research 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 stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $102.37.
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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