CAPROCK Group Inc. trimmed its position in Walmart Inc (NYSE:WMT) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,978 shares of the retailer’s stock after selling 739 shares during the period. CAPROCK Group Inc.’s holdings in Walmart were worth $1,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. grew its stake in shares of Walmart by 0.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock worth $13,022,000 after acquiring an additional 588 shares during the last quarter. Alpha Cubed Investments LLC grew its stake in shares of Walmart by 22.1% in the second quarter. Alpha Cubed Investments LLC now owns 3,279 shares of the retailer’s stock worth $281,000 after acquiring an additional 593 shares during the last quarter. Successful Portfolios LLC grew its stake in shares of Walmart by 4.0% in the second quarter. Successful Portfolios LLC now owns 15,529 shares of the retailer’s stock worth $1,330,000 after acquiring an additional 594 shares during the last quarter. Ahrens Investment Partners LLC grew its stake in shares of Walmart by 14.9% in the first quarter. Ahrens Investment Partners LLC now owns 4,602 shares of the retailer’s stock worth $409,000 after acquiring an additional 597 shares during the last quarter. Finally, Catawba Capital Management VA grew its stake in shares of Walmart by 20.8% in the second quarter. Catawba Capital Management VA now owns 3,487 shares of the retailer’s stock worth $299,000 after acquiring an additional 600 shares during the last quarter. 29.32% of the stock is currently owned by institutional investors.

WMT stock opened at $96.17 on Friday. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. The stock has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.30 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. Walmart’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts predict that Walmart Inc will post 4.81 earnings per share for the current year.

A number of equities research analysts have recently commented on WMT shares. JPMorgan Chase & Co. increased their target price on Walmart to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. BMO Capital Markets started coverage on Walmart in a report on Monday, September 17th. They set an “outperform” rating and a $110.00 price target on the stock. Wells Fargo & Co reaffirmed a “neutral” rating and set a $95.00 price target on shares of Walmart in a report on Thursday, August 16th. Jefferies Financial Group set a $112.00 price target on Walmart and gave the company a “buy” rating in a report on Monday, August 27th. Finally, Deutsche Bank raised Walmart from a “hold” rating to a “buy” rating and upped their price target for the company from $89.00 to $113.00 in a report on Tuesday, October 9th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walmart currently has a consensus rating of “Buy” and an average target price of $102.83.

In other Walmart news, major shareholder Alice L. Walton sold 594,396 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $663,250,442.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 286,762 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $96.17, for a total value of $27,577,901.54. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $649,010,938.60. The disclosure for this sale can be found here. In the last three months, insiders sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is owned by corporate insiders.

Walmart 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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