Fluent Financial LLC cut its holdings in Walmart Inc (NYSE:WMT) by 12.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,811 shares of the retailer’s stock after selling 2,429 shares during the period. Fluent Financial LLC’s holdings in Walmart were worth $1,737,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of WMT. Clarfeld Financial Advisors LLC acquired a new position in Walmart during the 4th quarter worth $25,000. Ipswich Investment Management Co. Inc. acquired a new position in Walmart during the 4th quarter worth $26,000. Ironwood Financial llc acquired a new position in Walmart during the 4th quarter worth $26,000. Massey Quick Simon & CO. LLC acquired a new position in Walmart during the 4th quarter worth $28,000. Finally, Winch Advisory Services LLC lifted its position in Walmart by 45.1% during the 4th quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 28.85% of the company’s stock.
In other news, insider David Chojnowski sold 2,000 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $97.17, for a total transaction of $194,340.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 in the company, valued at $331,457,468.58. 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 ninety days. Insiders own 51.11% of the company’s stock.
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.
A number of research analysts have recently commented on WMT shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Walmart in a research report on Wednesday, February 20th. Wolfe Research lowered shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Deutsche Bank upped their price objective on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $107.19.
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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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