Massachusetts Financial Services Co. MA trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,282 shares of the retailer’s stock after selling 1,764 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Walmart were worth $6,601,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CSat Investment Advisory L.P. purchased a new stake in shares of Walmart during the second quarter valued at $111,000. ELM Advisors LLC purchased a new stake in shares of Walmart during the third quarter valued at $152,000. MinichMacGregor Wealth Management LLC lifted its holdings in shares of Walmart by 56.0% during the third quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock valued at $165,000 after purchasing an additional 629 shares during the last quarter. Amussen Hunsaker Associates LLC purchased a new stake in shares of Walmart during the second quarter valued at $152,000. Finally, Moody Aldrich Partners LLC purchased a new stake in shares of Walmart during the second quarter valued at $161,279,000. 29.42% of the stock is owned by institutional investors and hedge funds.
Walmart stock opened at $104.32 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The company has a market cap of $306.10 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.27 and a beta of 0.35. Walmart Inc has a one year low of $81.78 and a one year high of $109.98.
Several research analysts recently weighed in on the company. Cowen upped their price target on Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, October 29th. Credit Suisse Group set a $85.00 price target on Walmart and gave the company a “neutral” rating in a research report on Thursday, August 16th. Guggenheim reissued a “buy” rating and set a $110.00 price target on shares of Walmart in a research report on Thursday, August 16th. Wells Fargo & Co reissued a “neutral” rating and set a $95.00 price target on shares of Walmart in a research report on Thursday, August 16th. Finally, ValuEngine raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and an average target price of $103.16.
In related news, Director S Robson Walton sold 881,158 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the transaction, the director now owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,199,130 shares of company stock valued at $976,228,654 in the last 90 days. 51.11% of the stock is owned by corporate insiders.
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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