MUFG Americas Holdings Corp Sells 9,402 Shares of Walmart Inc (NYSE:WMT)

MUFG Americas Holdings Corp lowered its position in Walmart Inc (NYSE:WMT) by 9.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 92,121 shares of the retailer’s stock after selling 9,402 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Walmart were worth $10,933,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Walmart by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after purchasing an additional 920,813 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 6.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after purchasing an additional 721,297 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after purchasing an additional 373,683 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Walmart by 5.2% during the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after purchasing an additional 565,425 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after purchasing an additional 284,748 shares during the last quarter. 30.13% of the stock is owned by institutional investors.

Several research firms have commented on WMT. Guggenheim reissued a “buy” rating and set a $135.00 price objective (up previously from $125.00) on shares of Walmart in a report on Thursday. BMO Capital Markets increased their price objective on shares of Walmart to $140.00 and gave the company an “outperform” rating in a report on Friday. They noted that the move was a valuation call. Royal Bank of Canada set a $124.00 price target on shares of Walmart and gave the company a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. set a $130.00 price target on shares of Walmart and gave the company a “neutral” rating in a report on Thursday. Finally, ValuEngine downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $121.61.

In other news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The disclosure for this sale can be found here. Corporate insiders own 51.11% of the company’s stock.

Walmart stock traded down $2.02 during midday trading on Friday, reaching $118.63. The stock had a trading volume of 6,007,860 shares, compared to its average volume of 3,911,056. 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 Inc has a 52-week low of $85.78 and a 52-week high of $125.38. The firm has a market cap of $338.81 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 5.12 and a beta of 0.39. The company has a fifty day moving average of $118.78 and a 200 day moving average of $111.67.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $126.98 billion for the quarter, compared to analyst estimates of $128.08 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Walmart Inc will post 4.93 EPS for the current year.

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, 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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