Howe & Rusling Inc. Decreases Position in Walmart Inc (NYSE:WMT)

Howe & Rusling Inc. cut its stake in shares of Walmart Inc (NYSE:WMT) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 834 shares of the retailer’s stock after selling 201 shares during the quarter. Howe & Rusling Inc.’s holdings in Walmart were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc grew its holdings in Walmart by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after acquiring an additional 1,110,593 shares during the last quarter. FMR LLC grew its holdings in Walmart by 14.6% during the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after acquiring an additional 3,058,978 shares during the last quarter. Geode Capital Management LLC grew its holdings in Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the last quarter. Northern Trust Corp grew its holdings in Walmart by 1.8% during the 4th quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock worth $1,639,326,000 after acquiring an additional 310,609 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Walmart by 2,899.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock worth $156,000 after acquiring an additional 14,058,442 shares during the last quarter. 29.79% of the stock is currently owned by institutional investors.

NYSE:WMT opened at $109.07 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77. Walmart Inc has a 52 week low of $82.37 and a 52 week high of $109.59. The firm has a market capitalization of $311.36 billion, a PE ratio of 22.21, a PEG ratio of 4.77 and a beta of 0.36.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $124.51 billion. During the same quarter in the previous year, the company earned $1.14 EPS. Walmart’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc will post 4.82 earnings per share for the current year.

In related news, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the transaction, the insider now owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 743,824 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the transaction, the director now owns 3,347,379 shares in the company, valued at approximately $331,457,468.58. The disclosure for this sale can be found here. Insiders have sold a total of 11,674,015 shares of company stock worth $1,172,639,093 in the last quarter. 51.11% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on WMT shares. Sanford C. Bernstein raised shares of Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 target price on the stock in a report on Thursday, May 2nd. Citigroup boosted their target price on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. Wolfe Research lowered shares of Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Morgan Stanley set a $113.00 target price on shares of Walmart and gave the stock an “overweight” rating in a report on Wednesday, February 20th. Finally, KeyCorp boosted their target price on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.26.

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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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