abrdn plc lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 29.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,044,198 shares of the retailer’s stock after acquiring an additional 237,897 shares during the period. abrdn plc’s holdings in Walmart were worth $147,257,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of Walmart by 0.3% during the first quarter. BlackRock Inc. now owns 87,856,415 shares of the retailer’s stock worth $11,933,537,000 after acquiring an additional 231,789 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 2.6% during the first quarter. Geode Capital Management LLC now owns 22,297,352 shares of the retailer’s stock worth $3,020,213,000 after acquiring an additional 573,176 shares during the last quarter. Morgan Stanley grew its position in shares of Walmart by 3.7% during the first quarter. Morgan Stanley now owns 13,884,021 shares of the retailer’s stock worth $1,885,866,000 after acquiring an additional 495,284 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 3.4% during the second quarter. Fisher Asset Management LLC now owns 12,626,107 shares of the retailer’s stock worth $1,780,534,000 after acquiring an additional 411,297 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Walmart by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 8,533,911 shares of the retailer’s stock worth $1,159,160,000 after acquiring an additional 65,566 shares during the last quarter. Institutional investors and hedge funds own 30.22% of the company’s stock.
In other news, major shareholder Alice L. Walton sold 6,906,863 shares of Walmart stock in a transaction on Tuesday, June 29th. The stock was sold at an average price of $137.40, for a total value of $949,002,976.20. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $927,254,892. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 1,000,000 shares of Walmart stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $146.46, for a total value of $146,460,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,035,211 shares of company stock valued at $2,963,644,200. Insiders own 48.44% of the company’s stock.
Walmart (NYSE:WMT) last released its quarterly earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.21. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The company had revenue of $141 billion during the quarter, compared to analysts’ expectations of $136.07 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 6.3 EPS for the current year.
A number of equities analysts have recently issued reports on WMT shares. Evercore ISI restated a “hold” rating on shares of Walmart in a research report on Thursday, August 19th. DA Davidson restated a “buy” rating on shares of Walmart in a research report on Wednesday, August 18th. Citigroup lifted their price objective on shares of Walmart from $172.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 19th. Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $158.00 price objective for the company. in a research report on Wednesday, August 18th. Finally, Raymond James lifted their target price on shares of Walmart from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, August 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $167.59.
Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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