Diamant Asset Management Inc. grew its position in shares of Walmart Inc (NYSE:WMT) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,315 shares of the retailer’s stock after acquiring an additional 1,000 shares during the quarter. Diamant Asset Management Inc.’s holdings in Walmart were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. FMR LLC grew its holdings in Walmart by 14.6% during the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after buying an additional 3,058,978 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in Walmart by 11,482.5% during the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after buying an additional 2,423,276 shares in the last quarter. Geode Capital Management LLC grew its holdings in Walmart by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after buying an additional 1,532,362 shares in the last quarter. Railway Pension Investments Ltd bought a new stake in Walmart during the second quarter worth $13,798,000. Finally, Comgest Global Investors S.A.S. grew its holdings in Walmart by 55.5% during the fourth quarter. Comgest Global Investors S.A.S. now owns 1,851,000 shares of the retailer’s stock worth $172,421,000 after buying an additional 660,500 shares in the last quarter. Hedge funds and other institutional investors own 30.04% of the company’s stock.
Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on Walmart from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a report on Tuesday, May 21st. Bank of America set a $120.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price objective for the company in a research note on Thursday, May 2nd. Finally, UBS Group upped their price objective on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.56.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Walmart Inc will post 4.84 earnings per share for the current fiscal year.
In related news, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the sale, the insider now owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,559,285 shares of company stock worth $571,021,654 in the last three months. 51.11% of the stock is currently owned by insiders.
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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