Shikiar Asset Management Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 15.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,290 shares of the retailer’s stock after selling 430 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Walmart were worth $341,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Executive Wealth Management LLC increased its holdings in shares of Walmart by 3.5% during the first quarter. Executive Wealth Management LLC now owns 51,453 shares of the retailer’s stock worth $7,662,000 after purchasing an additional 1,729 shares during the period. Cantor Fitzgerald Investment Advisor L.P boosted its position in shares of Walmart by 53.8% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 30,062 shares of the retailer’s stock worth $4,477,000 after acquiring an additional 10,521 shares in the last quarter. Blue Fin Capital Inc. boosted its position in shares of Walmart by 1.7% during the 1st quarter. Blue Fin Capital Inc. now owns 26,757 shares of the retailer’s stock worth $3,984,000 after acquiring an additional 452 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of Walmart by 4.3% during the 1st quarter. Global Trust Asset Management LLC now owns 11,993 shares of the retailer’s stock worth $1,786,000 after acquiring an additional 494 shares in the last quarter. Finally, Stonnington Group LLC boosted its position in shares of Walmart by 64.8% during the 1st quarter. Stonnington Group LLC now owns 31,143 shares of the retailer’s stock worth $4,805,000 after acquiring an additional 12,250 shares in the last quarter. 30.79% of the stock is currently owned by institutional investors.
In related news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the completion of the transaction, the chief executive officer now owns 1,526,864 shares of the company’s stock, valued at $191,789,387.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 48.44% of the stock is owned by company insiders.
Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The firm had revenue of $141.60 billion for the quarter, compared to the consensus estimate of $138.05 billion. During the same period in the prior year, the business earned $1.69 EPS. Walmart’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 6.4 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Gordon Haskett reduced their price target on shares of Walmart from $140.00 to $135.00 and set a “hold” rating on the stock in a research report on Wednesday, May 18th. JPMorgan Chase & Co. set a $134.00 price target on shares of Walmart in a research report on Monday, June 6th. Royal Bank of Canada set a $153.00 price target on shares of Walmart in a research report on Monday, June 6th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Walmart from $184.00 to $181.00 in a research report on Monday, May 16th. Finally, The Goldman Sachs Group set a $160.00 target price on shares of Walmart in a research report on Wednesday, May 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.56.
Walmart Profile (Get Rating)
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
- Get a free copy of the StockNews.com research report on Walmart (WMT)
- Downturn Gives These 3 Buys Juicy Dividend Yields
- Victoria’s Secret Stock is Out of the Box
- Time For a Ride in Six Flags Stock
- Why Dollar General (NYSE: DG) Should Be In Your Portfolio
- Korn Ferry Is A Good Buy For The Recession And Beyond
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.