Massachusetts Financial Services Co. MA Has $6.60 Million Stake in Walmart Inc (WMT)

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.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. On average, equities research analysts forecast that Walmart Inc will post 4.77 EPS for the current fiscal year.

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.

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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, 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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