Walmart Inc (NYSE:WMT) Position Increased by Picton Mahoney Asset Management

Picton Mahoney Asset Management increased its position in shares of Walmart Inc (NYSE:WMT) by 78.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,000 shares of the retailer’s stock after acquiring an additional 15,800 shares during the period. Picton Mahoney Asset Management’s holdings in Walmart were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in Walmart by 0.4% during the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock worth $2,347,413,000 after buying an additional 90,683 shares during the last quarter. Geode Capital Management LLC increased its position 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 during the last quarter. Fisher Asset Management LLC increased its position in Walmart by 2.4% during the second quarter. Fisher Asset Management LLC now owns 10,628,920 shares of the retailer’s stock worth $1,174,389,000 after buying an additional 251,933 shares during the last quarter. Thoroughbred Financial Services LLC increased its position 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 during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Walmart by 1.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,392,948 shares of the retailer’s stock worth $153,908,000 after buying an additional 15,980 shares during the last quarter. Institutional investors and hedge funds own 29.99% of the company’s stock.

In related news, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the sale, the insider now directly owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,783,026 shares of company stock worth $187,848,418. 51.11% of the stock is owned by company insiders.

Several research firms have commented on WMT. 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 research report on Thursday, May 2nd. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Thursday, August 15th. Goldman Sachs Group set a $123.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $114.99.

Shares of NYSE:WMT traded down $1.08 during midday trading on Friday, hitting $110.83. The company’s stock had a trading volume of 5,100,919 shares, compared to its average volume of 7,066,214. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The stock has a market capitalization of $319.47 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 4.82 and a beta of 0.41. The stock’s 50 day simple moving average is $111.54 and its 200 day simple moving average is $104.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The business had revenue of $130.40 billion for the quarter, compared to the consensus estimate of $129.32 billion. During the same period last year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc will post 4.91 EPS for the current year.

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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