Livforsakringsbolaget Skandia Omsesidigt Grows Stock Position in Walmart Inc (NYSE:WMT)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Walmart Inc (NYSE:WMT) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,086 shares of the retailer’s stock after purchasing an additional 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Walmart were worth $2,992,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its holdings in Walmart by 7.0% in the second quarter. Moors & Cabot Inc. now owns 60,951 shares of the retailer’s stock valued at $6,737,000 after purchasing an additional 4,004 shares during the period. Nwam LLC lifted its holdings in Walmart by 8.2% during the 2nd quarter. Nwam LLC now owns 3,661 shares of the retailer’s stock worth $405,000 after buying an additional 278 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in Walmart by 0.6% during the 2nd quarter. Annex Advisory Services LLC now owns 33,897 shares of the retailer’s stock worth $3,744,000 after buying an additional 213 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its holdings in Walmart by 62.4% during the 2nd quarter. Shulman DeMeo Asset Management LLC now owns 6,274 shares of the retailer’s stock worth $693,000 after buying an additional 2,411 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC lifted its holdings in Walmart by 1.7% during the 2nd quarter. Hamilton Point Investment Advisors LLC now owns 27,222 shares of the retailer’s stock worth $3,008,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 30.04% of the company’s stock.

WMT stock traded down $0.54 during trading on Wednesday, hitting $111.52. The company had a trading volume of 889,463 shares, compared to its average volume of 3,914,974. The stock has a market cap of $322.64 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 4.94 and a beta of 0.41. Walmart Inc has a 1-year low of $85.78 and a 1-year high of $115.49. The company has a 50-day simple moving average of $111.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.21 and a current ratio of 0.77.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating 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 return on equity of 18.66% and a net margin of 1.62%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. As a group, research analysts forecast that Walmart Inc will post 4.84 EPS for the current year.

In related news, major shareholder Jim C. Walton sold 1,626,851 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the transaction, the insider now owns 17,502,080 shares in the company, valued at approximately $1,769,110,246.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judith J. Mckenna sold 4,243 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the completion of the transaction, the executive vice president now owns 225,373 shares in the company, valued at approximately $22,580,120.87. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock worth $571,021,654 in the last 90 days. 50.22% of the stock is currently owned by insiders.

WMT has been the subject of a number of recent analyst reports. Bank of America set a $120.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a report on Thursday, May 2nd. Loop Capital decreased their price target on Tile Shop from $5.00 to $3.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. Deutsche Bank lifted their price target on Walmart from $118.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Goldman Sachs Group raised Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price target for the company in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company. Walmart currently has a consensus rating of “Buy” and a consensus price target of $109.56.

Walmart Profile

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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