Pendal Group Ltd reduced its stake in shares of Walmart Inc (NYSE:WMT) by 51.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,626 shares of the retailer’s stock after selling 45,392 shares during the period. Pendal Group Ltd’s holdings in Walmart were worth $5,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new stake in shares of Walmart during the 4th quarter valued at about $26,000. Corbenic Partners LLC acquired a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Knuff & Co LLC acquired a new stake in shares of Walmart during the 3rd quarter valued at about $36,000. Shine Investment Advisory Services Inc. boosted its holdings in Walmart by 181.7% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock worth $36,000 after buying an additional 198 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC boosted its holdings in Walmart by 232.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 366 shares of the retailer’s stock worth $43,000 after buying an additional 256 shares during the last quarter. 30.40% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $135.00 price objective (up from $125.00) on shares of Walmart in a report on Thursday, November 14th. UBS Group lifted their price objective on Walmart from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Morgan Stanley lifted their price objective on Walmart from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, December 31st. Zacks Investment Research cut Walmart from a “buy” rating to a “hold” rating and set a $125.00 price objective on the stock. in a report on Friday, January 3rd. Finally, Raymond James lifted their price objective on Walmart from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $123.51.

WMT traded up $0.08 during trading on Friday, reaching $117.52. The company’s stock had a trading volume of 441,615 shares, compared to its average volume of 5,805,252. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $116.50 and a two-hundred day simple moving average of $116.58. Walmart Inc has a 1 year low of $96.53 and a 1 year high of $125.38. The company has a market cap of $326.98 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 4.47 and a beta of 0.36.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The business had revenue of $126.98 billion for 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 business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, equities analysts forecast that Walmart Inc will post 4.98 EPS for the current fiscal year.

In other news, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $115.91, for a total transaction of $9,852,350.00. Following the sale, the executive vice president now owns 2,783,450 shares of the company’s stock, valued at approximately $322,629,689.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 255,000 shares of company stock worth $29,993,100. Corporate insiders own 50.22% of the company’s stock.

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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