Nomura Asset Management Co. Ltd. reduced its position in shares of Walmart Inc (NYSE:WMT) by 3.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 410,433 shares of the retailer’s stock after selling 13,330 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Walmart were worth $45,349,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC increased its stake in Walmart by 6.1% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock valued at $2,022,000 after purchasing an additional 1,059 shares in the last quarter. Centric Wealth Management increased its stake in Walmart by 6.6% during the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after purchasing an additional 322 shares in the last quarter. Carroll Financial Associates Inc. increased its stake in Walmart by 35.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock valued at $1,591,000 after purchasing an additional 3,733 shares in the last quarter. CWM LLC boosted its holdings in shares of Walmart by 100.9% during the 1st quarter. CWM LLC now owns 99,577 shares of the retailer’s stock valued at $9,712,000 after acquiring an additional 50,003 shares during the last quarter. Finally, Eads & Heald Wealth Management boosted its holdings in shares of Walmart by 22.2% during the 1st quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock valued at $1,890,000 after acquiring an additional 3,520 shares during the last quarter. Institutional investors and hedge funds own 30.05% of the company’s stock.

In related news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. In the last three months, insiders sold 14,580 shares of company stock worth $1,658,306. 51.11% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on WMT shares. Deutsche Bank set a $124.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Wednesday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $125.00 price target (up previously from $118.00) on shares of Walmart in a report on Friday, August 16th. KeyCorp raised their price target on shares of Walmart from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group raised their price target on shares of Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and an average price target of $115.33.

Shares of WMT traded up $0.38 on Friday, reaching $117.30. The company’s stock had a trading volume of 325,516 shares, compared to its average volume of 6,727,107. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The stock has a market capitalization of $330.08 billion, a P/E ratio of 23.88, a PEG ratio of 5.00 and a beta of 0.39. The stock’s 50 day simple moving average is $111.78 and its two-hundred day simple moving average is $105.75. Walmart Inc has a 12-month low of $85.78 and a 12-month high of $117.96.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Analysts expect that Walmart Inc will post 4.91 earnings per share for the current year.

About Walmart

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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