Martin & Co. Inc. TN cut its stake in shares of Walmart Inc (NYSE:WMT) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,519 shares of the retailer’s stock after selling 955 shares during the quarter. Martin & Co. Inc. TN’s holdings in Walmart were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Heritage Trust Co grew its holdings in Walmart by 2.7% during the 2nd quarter. Heritage Trust Co now owns 32,769 shares of the retailer’s stock worth $2,806,000 after acquiring an additional 858 shares during the last quarter. Cypress Capital Group grew its holdings in Walmart by 1.2% during the 2nd quarter. Cypress Capital Group now owns 49,751 shares of the retailer’s stock worth $4,262,000 after acquiring an additional 600 shares during the last quarter. Bramshill Investments LLC bought a new stake in Walmart during the 2nd quarter worth approximately $225,000. Focused Wealth Management Inc grew its holdings in Walmart by 21.7% during the 2nd quarter. Focused Wealth Management Inc now owns 17,807 shares of the retailer’s stock worth $1,525,000 after acquiring an additional 3,181 shares during the last quarter. Finally, Family Management Corp grew its holdings in Walmart by 6.2% during the 2nd quarter. Family Management Corp now owns 29,839 shares of the retailer’s stock worth $2,556,000 after acquiring an additional 1,739 shares during the last quarter. 29.30% of the stock is currently owned by institutional investors.

Walmart stock opened at $94.92 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart Inc has a 12-month low of $77.50 and a 12-month high of $109.98. The firm has a market cap of $284.09 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.37 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. 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 previous year, the company earned $1.08 EPS. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that Walmart Inc will post 4.8 EPS for the current fiscal year.

In related news, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the transaction, the director now owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 594,396 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold a total of 6,590,876 shares of company stock worth $634,531,965 in the last quarter. 51.11% of the stock is owned by corporate insiders.

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

About Walmart

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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