Rampart Investment Management Company LLC Sells 5,560 Shares of Walmart Inc (NYSE:WMT)

Rampart Investment Management Company LLC reduced its holdings in shares of Walmart Inc (NYSE:WMT) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,334 shares of the retailer’s stock after selling 5,560 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Walmart were worth $5,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lido Advisors LLC boosted its stake in Walmart by 48.3% in the 2nd quarter. Lido Advisors LLC now owns 8,503 shares of the retailer’s stock valued at $939,000 after purchasing an additional 2,768 shares during the period. Asset Management One Co. Ltd. boosted its stake in Walmart by 12.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 896,917 shares of the retailer’s stock valued at $99,101,000 after purchasing an additional 101,809 shares during the period. Evercore Wealth Management LLC boosted its stake in Walmart by 6.9% in the 2nd quarter. Evercore Wealth Management LLC now owns 27,590 shares of the retailer’s stock valued at $3,049,000 after purchasing an additional 1,774 shares during the period. O Shares Investment Advisers LLC boosted its stake in Walmart by 6.2% in the 2nd quarter. O Shares Investment Advisers LLC now owns 70,422 shares of the retailer’s stock valued at $7,781,000 after purchasing an additional 4,114 shares during the period. Finally, Laurel Wealth Advisors Inc. boosted its stake in Walmart by 4.4% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 11,912 shares of the retailer’s stock valued at $1,316,000 after purchasing an additional 501 shares during the period. Institutional investors own 30.11% of the company’s stock.

In other Walmart news, insider John R. Furner sold 7,900 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The disclosure for this sale can be found here. Insiders sold a total of 14,580 shares of company stock worth $1,658,306 in the last quarter. Corporate insiders own 50.22% of the company’s stock.

Several equities analysts have weighed in on the company. Citigroup set a $129.00 price objective on Walmart and gave the company a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group lifted their price objective on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Wednesday, May 22nd. BMO Capital Markets lifted their price objective on Walmart to $125.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Buckingham Research set a $109.00 price objective on Walmart and gave the company a “hold” rating in a report on Friday, August 16th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.33.

Shares of NYSE WMT traded down $1.79 during trading on Monday, reaching $115.64. The company had a trading volume of 197,190 shares, compared to its average volume of 5,758,743. The company’s fifty day moving average price is $111.89 and its 200-day moving average price is $105.84. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $118.19. The stock has a market cap of $332.55 billion, a P/E ratio of 23.53, a PEG ratio of 5.04 and a beta of 0.39. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. During the same quarter in the previous year, the company posted $1.29 EPS. The business’s revenue was up 2.6% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc will post 4.91 earnings per share for the current year.

Walmart Company 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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