SRS Capital Advisors Inc. cut its holdings in Walmart Inc (NYSE:WMT) by 54.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,196 shares of the retailer’s stock after selling 1,454 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Walmart were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of WMT. Putnam Investments LLC raised its holdings in Walmart by 836.2% in the 2nd quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after acquiring an additional 4,922,857 shares during the last quarter. Renaissance Technologies LLC raised its stake in Walmart by 1,431.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after buying an additional 3,105,600 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new stake in Walmart during the 2nd quarter valued at $265,661,000. Cornerstone Wealth Management LLC raised its stake in Walmart by 8,606.2% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 1,818,288 shares of the retailer’s stock valued at $21,648,000 after buying an additional 1,797,403 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Walmart by 1.9% during the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after buying an additional 1,660,543 shares during the last quarter. 29.18% of the stock is currently owned by institutional investors and hedge funds.

In other Walmart news, major shareholder Alice L. Walton sold 1,030,640 shares of Walmart 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $652,250,257. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the completion of the sale, the insider now owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The disclosure for this sale can be found here. Insiders sold 12,891,107 shares of company stock valued at $1,236,447,886 in the last ninety days. 51.11% of the stock is owned by corporate insiders.

A number of brokerages have recently issued reports on WMT. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $95.00 target price on shares of Walmart in a report on Friday, August 17th. Raymond James downgraded shares of Walmart from a “strong-buy” rating to an “outperform” rating and increased their price objective for the company from $100.00 to $107.00 in a report on Friday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a $112.00 price objective on shares of Walmart in a report on Monday, August 20th. Zacks Investment Research upgraded shares of Walmart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Morningstar set a $96.00 target price on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $104.04.

Shares of NYSE WMT traded down $1.58 during midday trading on Friday, reaching $93.19. The company had a trading volume of 8,494,387 shares, compared to its average volume of 8,907,682. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The stock has a market cap of $280.74 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.86 and a beta of 0.32.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The firm had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. As a group, sell-side analysts forecast that Walmart Inc will post 4.81 earnings per share for the current year.

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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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