Walmart Inc (NYSE:WMT) Shares Sold by Slow Capital Inc.
Slow Capital Inc. reduced its stake in Walmart Inc (NYSE:WMT) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,522 shares of the retailer’s stock after selling 640 shares during the quarter. Slow Capital Inc.’s holdings in Walmart were worth $2,267,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after purchasing an additional 1,532,362 shares during the period. Accuvest Global Advisors bought a new position in Walmart in the 4th quarter worth about $581,000. Aviance Capital Management LLC boosted its stake in Walmart by 73.3% in the 4th quarter. Aviance Capital Management LLC now owns 13,246 shares of the retailer’s stock worth $1,234,000 after purchasing an additional 5,601 shares during the period. Trustco Bank Corp N Y boosted its stake in Walmart by 3.6% in the 4th quarter. Trustco Bank Corp N Y now owns 10,981 shares of the retailer’s stock worth $1,022,000 after purchasing an additional 386 shares during the period. Finally, Lehman & Derafelo Financial Resources LLC bought a new stake in shares of Walmart during the 4th quarter valued at about $264,000. Hedge funds and other institutional investors own 30.05% of the company’s stock.
NYSE:WMT traded up $2.23 during mid-day trading on Tuesday, reaching $107.45. The stock had a trading volume of 360,865 shares, compared to its average volume of 4,805,763. The company has a 50 day moving average price of $111.46. The company has a market capitalization of $306.25 billion, a PE ratio of 21.90, a P/E/G ratio of 4.69 and a beta of 0.41. Walmart Inc has a one year low of $85.78 and a one year high of $115.49. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, May 22nd. KeyCorp lifted their price target on Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Jefferies Financial Group lifted their price target on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Sanford C. Bernstein upgraded Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a research report on Thursday, May 2nd. Finally, Loop Capital lifted their price target on Walmart to $115.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have given a buy rating to the company. Walmart currently has a consensus rating of “Buy” and an average price target of $109.56.
In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $100.19, for a total value of $425,106.17. Following the transaction, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now directly owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock worth $571,021,654 over the last ninety days. Insiders own 50.22% 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, shoes.com, and samsclub.com; and mobile commerce applications.
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