Northpointe Capital LLC Has $1.49 Million Holdings in Walmart Inc (WMT)

Northpointe Capital LLC trimmed its position in shares of Walmart Inc (NYSE:WMT) by 52.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,274 shares of the retailer’s stock after selling 17,073 shares during the quarter. Northpointe Capital LLC’s holdings in Walmart were worth $1,490,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart during the fourth quarter valued at about $25,000. Ironwood Financial llc purchased a new stake in shares of Walmart during the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Walmart during the fourth quarter valued at about $28,000. Winch Advisory Services LLC lifted its position in shares of Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after buying an additional 107 shares during the last quarter. Finally, WP Advisors LLC purchased a new stake in shares of Walmart during the first quarter valued at about $37,000. 28.96% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on WMT shares. Citigroup increased their price target on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective for the company in a research report on Thursday, May 2nd. Morgan Stanley raised shares of Walmart from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $110.00 in a research report on Wednesday, January 23rd. KeyCorp increased their price objective on shares of Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, February 20th. Finally, Wolfe Research lowered shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have given a buy rating to the stock. Walmart currently has an average rating of “Hold” and an average target price of $107.13.

In other news, insider David Chojnowski sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 820,736 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $101.45, for a total transaction of $83,263,667.20. Following the sale, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,775,586,016. The disclosure for this sale can be found here. Insiders have sold a total of 15,551,705 shares of company stock worth $1,540,418,635 in the last ninety days. Corporate insiders own 51.11% of the company’s stock.

WMT opened at $101.12 on Wednesday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The company has a market cap of $297.78 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 4.62 and a beta of 0.36.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. During the same period last year, the firm posted $1.14 EPS. Walmart’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts expect that Walmart Inc will post 4.79 EPS for the current year.

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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, 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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