Walmart Inc (WMT) Shares Bought by Heritage Investors Management Corp
Heritage Investors Management Corp grew its position in shares of Walmart Inc (NYSE:WMT) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,610 shares of the retailer’s stock after purchasing an additional 6,244 shares during the period. Walmart makes up approximately 1.2% of Heritage Investors Management Corp’s investment portfolio, making the stock its 29th biggest position. Heritage Investors Management Corp’s holdings in Walmart were worth $20,009,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Walmart during the fourth quarter valued at about $105,000. Hanseatic Management Services Inc. lifted its holdings in shares of Walmart by 106.0% in the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after acquiring an additional 618 shares during the last quarter. We Are One Seven LLC bought a new position in shares of Walmart in the 4th quarter valued at about $123,000. G&S Capital LLC bought a new position in shares of Walmart in the 4th quarter valued at about $128,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Walmart in the 4th quarter valued at about $139,000. Hedge funds and other institutional investors own 29.68% of the company’s stock.
Shares of Walmart opened at $88.06 on Monday, according to Marketbeat. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $260.87 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.71 and a beta of 0.52. Walmart Inc has a 1 year low of $75.55 and a 1 year high of $109.98.
A number of research analysts recently commented on WMT shares. Bank of America reaffirmed a “buy” rating and issued a $98.00 price target on shares of Walmart in a report on Friday, May 18th. Credit Suisse Group set a $102.00 price target on shares of Walmart and gave the company a “hold” rating in a report on Tuesday, May 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $98.00 price target on shares of Walmart in a report on Monday, April 30th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Walmart in a report on Friday, May 11th. Finally, Morgan Stanley reaffirmed a “neutral” rating and issued a $93.00 price target on shares of Walmart in a report on Wednesday, June 13th. Twenty equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $96.53.
In other Walmart news, major shareholder Jim C. Walton sold 592,155 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at $889,331,439.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Chojnowski sold 5,442 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $85.30, for a total transaction of $464,202.60. The disclosure for this sale can be found here. In the last three months, insiders sold 8,792,256 shares of company stock valued at $740,486,626. 51.11% of the stock is owned by insiders.
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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