GFS Advisors LLC acquired a new stake in shares of Walmart Inc (NYSE:WMT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,350 shares of the retailer’s stock, valued at approximately $458,000.

A number of other hedge funds have also modified their holdings of the stock. Wunderlich Capital Managemnt grew its holdings in Walmart by 2.4% in the fourth quarter. Wunderlich Capital Managemnt now owns 20,868 shares of the retailer’s stock worth $2,061,000 after purchasing an additional 496 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in Walmart by 2.7% in the fourth quarter. KCM Investment Advisors LLC now owns 20,948 shares of the retailer’s stock worth $2,069,000 after purchasing an additional 550 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Walmart by 0.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock worth $13,022,000 after purchasing an additional 588 shares during the last quarter. Alpha Cubed Investments LLC grew its holdings in Walmart by 22.1% in the second quarter. Alpha Cubed Investments LLC now owns 3,279 shares of the retailer’s stock worth $281,000 after purchasing an additional 593 shares during the last quarter. Finally, Successful Portfolios LLC grew its holdings in Walmart by 4.0% in the second quarter. Successful Portfolios LLC now owns 15,529 shares of the retailer’s stock worth $1,330,000 after purchasing an additional 594 shares during the last quarter. 29.44% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on WMT shares. Credit Suisse Group set a $102.00 price target on shares of Walmart and gave the stock a “hold” rating in a report on Tuesday, May 1st. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $99.00 price target on shares of Walmart in a report on Wednesday, May 2nd. Morningstar set a $91.00 price target on shares of Walmart and gave the stock a “neutral” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Friday, May 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Walmart in a report on Wednesday, May 9th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $100.89.

In related news, Director S Robson Walton sold 1,276,062 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $95.19, for a total transaction of $121,468,341.78. Following the completion of the transaction, the director now directly owns 4,147,254 shares in the company, valued at $394,777,108.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction 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. Insiders have sold 12,358,525 shares of company stock valued at $1,084,282,880 over the last 90 days. 51.11% of the stock is currently owned by insiders.

NYSE WMT opened at $96.07 on Wednesday. The firm has a market cap of $281.28 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 3.37 and a beta of 0.52. Walmart Inc has a 1 year low of $77.50 and a 1 year high of $109.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. The company had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. equities analysts predict that Walmart Inc will post 4.75 EPS for the current fiscal 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, 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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