Schroder Investment Management Group Decreases Position in Walmart Inc (WMT)
Schroder Investment Management Group trimmed its holdings in Walmart Inc (NYSE:WMT) by 70.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,010 shares of the retailer’s stock after selling 1,139,138 shares during the quarter. Schroder Investment Management Group’s holdings in Walmart were worth $41,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. CSat Investment Advisory L.P. bought a new stake in Walmart during the 2nd quarter valued at about $111,000. Stelac Advisory Services LLC bought a new stake in Walmart during the 1st quarter valued at about $126,000. Amussen Hunsaker Associates LLC bought a new stake in Walmart during the 2nd quarter valued at about $152,000. Kiley Juergens Wealth Management LLC bought a new stake in Walmart during the 2nd quarter valued at about $165,000. Finally, Adviser Investments LLC increased its stake in Walmart by 77.0% during the 2nd quarter. Adviser Investments LLC now owns 1,935 shares of the retailer’s stock valued at $166,000 after purchasing an additional 842 shares in the last quarter. Institutional investors own 29.30% of the company’s stock.
Shares of WMT stock opened at $94.59 on Thursday. Walmart Inc has a 52 week low of $77.50 and a 52 week high of $109.98. The company has a market capitalization of $281.19 billion, a PE ratio of 21.40, a P/E/G ratio of 3.34 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.
A number of research firms have weighed in on WMT. BMO Capital Markets set a $110.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Sunday. Stifel Nicolaus restated a “neutral” rating and set a $95.00 price objective on shares of Walmart in a research note on Friday, August 17th. Barclays restated a “buy” rating and set a $110.00 price objective on shares of Walmart in a research note on Tuesday, September 4th. Royal Bank of Canada set a $101.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Monday, September 3rd. Finally, Morningstar set a $90.00 price objective on shares of Walmart and gave the company a “neutral” rating in a research note on Tuesday, June 26th. Nineteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus price target of $101.37.
In related news, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at $663,250,442.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director S Robson Walton sold 600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $95.37, for a total transaction of $57,222,000.00. Following the completion of the transaction, the director now directly owns 3,347,254 shares in the company, 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 over the last quarter. Company insiders own 51.11% of the company’s stock.
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.
Further Reading: Beta
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