Factory Mutual Insurance Co. boosted its position in shares of Walmart Inc (NYSE:WMT) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,792 shares of the retailer’s stock after acquiring an additional 41,900 shares during the period. Factory Mutual Insurance Co.’s holdings in Walmart were worth $66,685,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Clarfeld Financial Advisors LLC acquired a new position in shares of Walmart during the fourth quarter valued at about $25,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Walmart during the fourth quarter valued at about $26,000. Ironwood Financial llc acquired a new position in shares of Walmart during the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Walmart during the fourth quarter valued at about $28,000. Finally, Winch Advisory Services LLC raised its position in shares of Walmart by 45.1% during 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 during the last quarter. 28.85% of the stock is owned by hedge funds and other institutional investors.
In other news, Director S Robson Walton sold 743,824 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $99.02, for a total transaction of $73,653,452.48. Following the sale, the director now directly owns 3,347,379 shares of the company’s stock, valued at $331,457,468.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 694,483 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $98.46, for a total transaction of $68,378,796.18. Following the sale, the insider now directly owns 15,557,224 shares in the company, valued at $1,531,764,275.04. The disclosure for this sale can be found here. Insiders have sold 11,260,700 shares of company stock worth $1,119,447,533 over the last three months. 51.11% of the stock is owned by insiders.
A number of research analysts have recently commented on WMT shares. Gordon Haskett raised shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price objective for the company in a research report on Friday, May 17th. Citigroup upped their price objective on shares of Walmart from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, February 21st. BMO Capital Markets reaffirmed a “buy” rating and set a $115.00 price objective on shares of Walmart in a research report on Thursday, February 21st. Guggenheim reaffirmed a “buy” rating and set a $115.00 price objective on shares of Walmart in a research report on Tuesday, February 19th. Finally, Bank of America set a $120.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $107.19.
Walmart stock traded down $0.30 during trading hours on Wednesday, hitting $102.12. 6,185,471 shares of the stock were exchanged, compared to its average volume of 6,707,743. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $304.15 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 4.51 and a beta of 0.36. Walmart Inc has a 12 month low of $81.81 and a 12 month high of $106.21.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The firm 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%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities research analysts predict that Walmart Inc will post 4.81 EPS for the current year.
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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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