Walmart Inc (WMT) Shares Bought by Hexavest Inc.

Hexavest Inc. lifted its holdings in shares of Walmart Inc (NYSE:WMT) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 457,586 shares of the retailer’s stock after buying an additional 21,191 shares during the period. Hexavest Inc.’s holdings in Walmart were worth $44,628,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of WMT. Lenox Wealth Management Inc. increased its holdings in shares of Walmart by 1.0% in the fourth quarter. Lenox Wealth Management Inc. now owns 10,348 shares of the retailer’s stock valued at $969,000 after buying an additional 104 shares in the last quarter. Carmichael Hill & Associates Inc. increased its holdings in shares of Walmart by 2.0% in the fourth quarter. Carmichael Hill & Associates Inc. now owns 5,502 shares of the retailer’s stock valued at $512,000 after buying an additional 106 shares in the last quarter. Winch Advisory Services LLC increased its holdings in shares of Walmart by 45.1% in the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after buying an additional 107 shares in the last quarter. Pegasus Asset Management Inc. increased its holdings in shares of Walmart by 1.1% in the fourth quarter. Pegasus Asset Management Inc. now owns 9,814 shares of the retailer’s stock valued at $914,000 after buying an additional 107 shares in the last quarter. Finally, New Capital Management LP increased its holdings in shares of Walmart by 18.0% in the fourth quarter. New Capital Management LP now owns 720 shares of the retailer’s stock valued at $67,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 28.85% of the company’s stock.

Several research analysts have issued reports on the company. DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a report on Tuesday, February 19th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price target on shares of Walmart in a report on Tuesday, February 19th. Barclays reaffirmed a “buy” rating and issued a $113.00 price target on shares of Walmart in a report on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $108.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. Finally, KeyCorp lifted their price objective on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $107.19.

Shares of Walmart stock traded down $0.30 on Wednesday, hitting $102.12. 6,185,471 shares of the company traded hands, compared to its average volume of 6,707,743. The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. Walmart Inc has a 12-month low of $81.81 and a 12-month high of $106.21. The stock has a market cap of $304.15 billion, a P/E ratio of 20.80, a P/E/G ratio of 4.51 and a beta of 0.36.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating the consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion for the quarter, compared to analysts’ expectations of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. Walmart’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. On average, equities research analysts expect that Walmart Inc will post 4.81 earnings per share for the current fiscal year.

In related news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the sale, the director now directly owns 3,347,511 shares in the company, valued at $341,580,022.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chojnowski sold 2,000 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $97.17, for a total transaction of $194,340.00. The disclosure for this sale can be found here. Insiders sold 11,260,700 shares of company stock valued at $1,119,447,533 over the last quarter. 51.11% of the stock is currently owned by corporate insiders.

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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, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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