Letko Brosseau & Associates Inc. Reduces Stake in Walmart Inc (WMT)

Letko Brosseau & Associates Inc. decreased its stake in shares of Walmart Inc (NYSE:WMT) by 13.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 969,312 shares of the retailer’s stock after selling 152,629 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Walmart were worth $91,028,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. acquired a new stake in shares of Walmart during the 2nd quarter valued at about $111,000. Amussen Hunsaker Associates LLC acquired a new position in Walmart in the second quarter valued at about $152,000. ELM Advisors LLC acquired a new position in Walmart in the third quarter valued at about $152,000. Berman Capital Advisors LLC acquired a new position in Walmart in the third quarter valued at about $158,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Walmart in the third quarter valued at about $162,000. Institutional investors own 29.09% of the company’s stock.

WMT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $87.00 price target on shares of Walmart in a research report on Tuesday, August 7th. Royal Bank of Canada restated a “neutral” rating and issued a $90.00 price target on shares of Walmart in a research report on Thursday, August 9th. Guggenheim restated a “buy” rating and issued a $110.00 price target on shares of Walmart in a research report on Thursday, August 16th. Finally, Credit Suisse Group set a $85.00 price target on shares of Walmart and gave the company a “neutral” rating in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $104.04.

In other news, insider Jacqueline P. Canney sold 4,026 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $97.95, for a total value of $394,346.70. Following the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at $5,215,837.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 230,500 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $95.71, for a total transaction of $22,061,155.00. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $645,906,591.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,180,531 shares of company stock valued at $973,815,091. Corporate insiders own 51.11% of the company’s stock.

Shares of WMT opened at $95.10 on Monday. The firm has a market cap of $281.72 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 3.88 and a beta of 0.35. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $109.98.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, equities research analysts predict that Walmart Inc will post 4.81 EPS for the current year.

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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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