Twin Capital Management Inc. Trims Stock Holdings in Walmart Inc (NYSE:WMT)

Twin Capital Management Inc. lowered its holdings in Walmart Inc (NYSE:WMT) by 30.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,220 shares of the retailer’s stock after selling 35,890 shares during the period. Twin Capital Management Inc.’s holdings in Walmart were worth $8,864,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Clarfeld Financial Advisors LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $25,000. C J Advisory Inc acquired a new stake in Walmart during the first quarter valued at approximately $29,000. Mcmillion Capital Management Inc. acquired a new stake in Walmart during the second quarter valued at approximately $34,000. Financial Gravity Wealth Inc. acquired a new stake in Walmart during the first quarter valued at approximately $35,000. Finally, WP Advisors LLC acquired a new stake in Walmart during the first quarter valued at approximately $37,000. 30.05% of the stock is owned by hedge funds and other institutional investors.

WMT traded up $4.82 during trading hours on Thursday, hitting $111.02. The company’s stock had a trading volume of 11,756,497 shares, compared to its average volume of 4,928,401. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $300.29 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 4.60 and a beta of 0.41. The business’s 50-day moving average is $111.31.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same period last year, the firm earned $1.29 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts expect that Walmart Inc will post 4.84 earnings per share for the current year.

WMT has been the topic of several research reports. Goldman Sachs Group set a $123.00 price objective on Walmart and gave the company a “buy” rating in a research note on Thursday. Bank of America set a $120.00 price objective on Walmart and gave the company a “buy” rating in a research note on Friday, May 17th. 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. Deutsche Bank upped their price objective on Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Morgan Stanley upped their price objective on Walmart from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $109.71.

In related news, EVP Judith J. Mckenna sold 4,243 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the sale, the executive vice president now directly owns 225,373 shares in the company, valued at approximately $22,580,120.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,559,285 shares of company stock worth $571,021,654. 51.11% of the stock is 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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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