Trust Investment Advisors decreased its position in shares of Walmart Inc (NYSE:WMT) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,415 shares of the retailer’s stock after selling 1,350 shares during the period. Walmart comprises 1.9% of Trust Investment Advisors’ holdings, making the stock its 10th largest holding. Trust Investment Advisors’ holdings in Walmart were worth $1,482,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after buying an additional 1,532,362 shares during the period. Thoroughbred Financial Services LLC purchased a new position in Walmart in the fourth quarter valued at about $1,876,000. RMB Capital Management LLC boosted its holdings in Walmart by 25.8% in the fourth quarter. RMB Capital Management LLC now owns 7,678 shares of the retailer’s stock valued at $715,000 after purchasing an additional 1,577 shares during the last quarter. BOKF NA boosted its holdings in Walmart by 15.1% in the fourth quarter. BOKF NA now owns 262,638 shares of the retailer’s stock valued at $24,465,000 after purchasing an additional 34,394 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at about $177,000. Institutional investors and hedge funds own 30.04% of the company’s stock.
NYSE WMT traded down $1.24 on Friday, hitting $107.28. 3,992,355 shares of the stock traded hands, compared to its average volume of 4,783,161. The company has a 50-day moving average price of $111.74. Walmart Inc has a twelve month low of $85.78 and a twelve month high of $115.49. The stock has a market capitalization of $309.79 billion, a P/E ratio of 21.85, a P/E/G ratio of 4.74 and a beta of 0.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21.
A number of research analysts recently commented on WMT shares. Goldman Sachs Group started coverage on Walmart in a report on Thursday, July 11th. They issued a “buy” rating and a $123.00 price target for the company. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Gordon Haskett raised Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target for the company in a report on Friday, May 17th. Morgan Stanley increased their price target on Walmart from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Finally, Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. Walmart has an average rating of “Buy” and a consensus price target of $109.56.
In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the sale, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $100.19, for a total value of $425,106.17. Following the sale, 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 have sold 5,559,285 shares of company stock worth $571,021,654 in the last 90 days. 51.11% of the stock is currently owned by 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, shoes.com, and samsclub.com; and mobile commerce applications.
Featured Story: What is dollar cost averaging (DCA)?
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.