Los Angeles Capital Management LLC Sells 522,187 Shares of Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Los Angeles Capital Management LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 813,553 shares of the retailer’s stock after selling 522,187 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Walmart were worth $65,694,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Walmart by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after buying an additional 834,005 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Guggenheim raised their price target on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group raised their price target on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. KeyCorp raised their price target on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.92.

Get Our Latest Research Report on Walmart

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.2 %

Shares of NYSE:WMT opened at $84.83 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market capitalization of $681.88 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. The firm has a fifty day moving average of $80.53 and a 200 day moving average of $72.01. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Walmart Company Profile

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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