Arbor Wealth Management LLC boosted its holdings in Walmart Inc (NYSE:WMT) by 14.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 77,204 shares of the retailer’s stock after acquiring an additional 9,535 shares during the quarter. Walmart comprises 5.4% of Arbor Wealth Management LLC’s portfolio, making the stock its largest holding. Arbor Wealth Management LLC’s holdings in Walmart were worth $6,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its position in Walmart by 1.9% in the 2nd quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after acquiring an additional 1,660,543 shares during the period. Schwab Charles Investment Management Inc. increased its position in Walmart by 1.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock valued at $881,168,000 after acquiring an additional 148,000 shares during the period. Fisher Asset Management LLC increased its position in Walmart by 4.5% in the 2nd quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock valued at $822,957,000 after acquiring an additional 417,204 shares during the period. Bank of Montreal Can bought a new position in Walmart during the 2nd quarter valued at $624,899,000. Finally, Swiss National Bank boosted its stake in Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after purchasing an additional 109,700 shares in the last quarter. Hedge funds and other institutional investors own 29.30% of the company’s stock.

WMT has been the subject of a number of research reports. Bank of America set a $98.00 price target on Walmart and gave the company a “buy” rating in a research note on Monday, June 4th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price target on shares of Walmart in a research note on Thursday, August 16th. ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Argus set a $112.00 price target on Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, Citigroup increased their price target on Walmart from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 17th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $101.37.

In other news, EVP M. Brett Biggs sold 18,421 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $96.14, for a total value of $1,770,994.94. Following the completion of the sale, the executive vice president now owns 185,557 shares in the company, valued at $17,839,449.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 600,000 shares of the stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $95.37, for a total value of $57,222,000.00. Following the completion of the sale, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $319,227,613.98. The disclosure for this sale can be found here. Insiders sold 6,590,876 shares of company stock valued at $634,531,965 in the last 90 days. Corporate insiders own 51.11% of the company’s stock.

WMT opened at $95.10 on Wednesday. The firm has a market cap of $284.09 billion, a PE ratio of 21.52, a P/E/G ratio of 3.37 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. Walmart Inc has a fifty-two week low of $77.50 and a fifty-two week high of $109.98.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. equities research analysts forecast that Walmart Inc will post 4.8 earnings per share for the current fiscal 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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