Victory Capital Management Inc. reduced its stake in shares of Walmart Inc (NYSE:WMT) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,845 shares of the retailer’s stock after selling 13,006 shares during the quarter. Victory Capital Management Inc.’s holdings in Walmart were worth $17,117,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Burke & Herbert Bank & Trust Co. bought a new stake in shares of Walmart during the second quarter valued at about $1,577,000. RB Capital Management LLC bought a new stake in shares of Walmart during the second quarter valued at about $271,000. FormulaFolio Investments LLC raised its stake in shares of Walmart by 7.2% during the second quarter. FormulaFolio Investments LLC now owns 26,995 shares of the retailer’s stock valued at $2,312,000 after purchasing an additional 1,807 shares in the last quarter. KCM Investment Advisors LLC raised its stake in shares of Walmart by 2.7% during the fourth quarter. KCM Investment Advisors LLC now owns 20,948 shares of the retailer’s stock valued at $2,069,000 after purchasing an additional 550 shares in the last quarter. Finally, Smithfield Trust Co. raised its stake in shares of Walmart by 11.5% during the second quarter. Smithfield Trust Co. now owns 14,530 shares of the retailer’s stock valued at $1,244,000 after purchasing an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 29.68% of the company’s stock.

In other Walmart news, insider David Chojnowski sold 5,442 shares of the firm’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $85.30, for a total transaction of $464,202.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 1,499,270 shares of the firm’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $572,684,498.80. The disclosure for this sale can be found here. Insiders have sold a total of 8,792,256 shares of company stock valued at $740,486,626 over the last 90 days. Corporate insiders own 51.11% of the company’s stock.

A number of research analysts recently issued reports on WMT shares. Gordon Haskett lowered Walmart from a “buy” rating to an “accumulate” rating and set a $90.00 target price on the stock. in a report on Thursday, May 17th. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Friday, May 4th. Robert W. Baird set a $95.00 target price on Walmart and gave the stock a “buy” rating in a report on Thursday, May 10th. Morningstar set a $91.00 target price on Walmart and gave the stock a “buy” rating in a report on Thursday, May 10th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Walmart in a report on Monday, April 30th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walmart presently has an average rating of “Buy” and a consensus target price of $100.25.

Shares of WMT opened at $97.85 on Friday. The stock has a market capitalization of $267.15 billion, a P/E ratio of 22.14, a P/E/G ratio of 3.31 and a beta of 0.52. Walmart Inc has a 1-year low of $77.50 and a 1-year high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.73.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. Walmart’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. equities analysts forecast that Walmart Inc will post 4.81 EPS for the current year.

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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