Foundation Resource Management Inc. Decreases Holdings in Walmart Inc. (NYSE:WMT)

Foundation Resource Management Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 13.4% in the second quarter, Holdings Channel reports. The firm owned 3,306 shares of the retailer’s stock after selling 513 shares during the period. Foundation Resource Management Inc.’s holdings in Walmart were worth $402,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Walmart by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 125,681,258 shares of the retailer’s stock worth $18,716,452,000 after buying an additional 520,788 shares in the last quarter. Norges Bank acquired a new position in Walmart in the 4th quarter worth $2,925,852,000. GQG Partners LLC lifted its holdings in Walmart by 48.0% in the 1st quarter. GQG Partners LLC now owns 15,431,684 shares of the retailer’s stock worth $2,297,510,000 after buying an additional 5,007,342 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Walmart by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,904,858 shares of the retailer’s stock worth $1,623,951,000 after buying an additional 303,726 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Walmart by 8.0% in the 4th quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock worth $1,574,414,000 after buying an additional 801,954 shares in the last quarter. 31.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total value of $1,316,696.04. Following the completion of the sale, the chief executive officer now owns 1,497,747 shares in the company, valued at approximately $203,139,425.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director S Robson Walton sold 44,880 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $134.00, for a total value of $6,013,920.00. Following the completion of the sale, the director now owns 282,814,794 shares in the company, valued at approximately $37,897,182,396. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the completion of the sale, the chief executive officer now owns 1,497,747 shares of the company’s stock, valued at approximately $203,139,425.61. The disclosure for this sale can be found here. Insiders sold a total of 2,142,416 shares of company stock valued at $295,973,941 over the last ninety days. Insiders own 47.06% of the company’s stock.

Walmart Price Performance

WMT stock traded down $3.55 on Friday, hitting $129.84. 190,041 shares of the company’s stock traded hands, compared to its average volume of 6,263,060. Walmart Inc. has a 1-year low of $117.27 and a 1-year high of $160.77. The stock has a market cap of $352.42 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 4.19 and a beta of 0.52. The stock has a fifty day moving average of $132.60 and a 200-day moving average of $136.13. The company has a current ratio of 0.84, a quick ratio of 0.24 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The business had revenue of $152.86 billion during the quarter, compared to analyst estimates of $149.96 billion. During the same period in the prior year, the business earned $1.78 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 5.85 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of Walmart from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 17th. Telsey Advisory Group upped their target price on shares of Walmart from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Cowen cut their target price on shares of Walmart from $180.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. Finally, KeyCorp started coverage on shares of Walmart in a research note on Wednesday, September 14th. They issued an “overweight” rating and a $155.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.41.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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