Cullinan Associates Inc. reduced its holdings in shares of Walmart Inc (NYSE:WMT) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,968,043 shares of the retailer’s stock after selling 11,179 shares during the period. Walmart makes up 23.6% of Cullinan Associates Inc.’s investment portfolio, making the stock its largest holding. Cullinan Associates Inc. owned about 0.10% of Walmart worth $352,722,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Walmart by 1.4% in the third quarter. State Street Corp now owns 70,612,397 shares of the retailer’s stock valued at $8,380,279,000 after acquiring an additional 985,538 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after acquiring an additional 721,297 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Walmart by 5.2% in the second quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after acquiring an additional 565,425 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.7% in the third quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after acquiring an additional 284,748 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Walmart by 4,405.6% in the second quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock valued at $1,143,946,000 after acquiring an additional 10,123,600 shares in the last quarter. 30.37% of the stock is currently owned by institutional investors.

In other news, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $120.57, for a total value of $10,248,450.00. Following the completion of the transaction, the executive vice president now owns 2,808,295 shares of the company’s stock, valued at $338,596,128.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Judith J. Mckenna sold 8,300 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $119.21, for a total transaction of $989,443.00. Following the completion of the transaction, the executive vice president now directly owns 216,811 shares of the company’s stock, valued at approximately $25,846,039.31. The disclosure for this sale can be found here. In the last three months, insiders sold 178,300 shares of company stock valued at $21,090,243. Company insiders own 50.22% of the company’s stock.

Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a report on Friday, January 3rd. Telsey Advisory Group raised their price objective on shares of Walmart from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Nomura initiated coverage on shares of Walmart in a research note on Friday, November 8th. They issued a “buy” rating and a $132.00 price objective for the company. JPMorgan Chase & Co. set a $130.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Citigroup reiterated a “buy” rating and issued a $135.00 price objective (up previously from $129.00) on shares of Walmart in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $124.22.

NYSE:WMT opened at $115.28 on Thursday. The firm has a 50 day simple moving average of $118.81 and a 200-day simple moving average of $116.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.20. The firm has a market cap of $330.19 billion, a PE ratio of 23.48, a P/E/G ratio of 4.71 and a beta of 0.35. Walmart Inc has a 1-year low of $93.11 and a 1-year high of $125.38.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $126.98 billion during the quarter, compared to analyst estimates of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. As a group, sell-side analysts expect that Walmart Inc will post 4.98 earnings per share for the current fiscal year.

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, 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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