Franklin Resources Inc. reduced its position in Walmart Inc (NYSE:WMT) by 0.3% during the third quarter, HoldingsChannel reports. The firm owned 3,886,518 shares of the retailer’s stock after selling 10,056 shares during the quarter. Franklin Resources Inc.’s holdings in Walmart were worth $364,984,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Trust Co. of Vermont raised its position in Walmart by 4.3% in the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock valued at $1,170,000 after buying an additional 515 shares during the last quarter. Sterling Investment Advisors Ltd. raised its position in Walmart by 3.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 16,567 shares of the retailer’s stock valued at $1,556,000 after buying an additional 538 shares during the last quarter. Financial Advantage Inc. raised its position in Walmart by 0.7% in the 3rd quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock valued at $7,561,000 after buying an additional 546 shares during the last quarter. Crossvault Capital Management LLC raised its position in Walmart by 2.3% in the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock valued at $2,328,000 after buying an additional 550 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its position in Walmart by 1.7% in the 3rd quarter. Bahl & Gaynor Inc. now owns 34,323 shares of the retailer’s stock valued at $3,223,000 after buying an additional 559 shares during the last quarter. Institutional investors own 29.18% of the company’s stock.
Shares of Walmart stock opened at $93.19 on Friday. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The firm has a market cap of $283.83 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.91 and a beta of 0.32. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.
A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Walmart to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. Oppenheimer reissued a “neutral” rating and issued a $100.00 price target on shares of Walmart in a research report on Thursday, August 16th. BMO Capital Markets assumed coverage on Walmart in a research report on Monday, September 17th. They issued an “outperform” rating and a $110.00 price target for the company. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus reissued a “neutral” rating and issued a $95.00 price target on shares of Walmart in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.04.
In other news, Director S Robson Walton sold 1,109,156 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $97.92, for a total transaction of $108,608,555.52. Following the completion of the transaction, the director now owns 3,347,254 shares in the company, valued at approximately $327,763,111.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John R. Furner sold 4,000 shares of the stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $97.34, for a total value of $389,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,891,107 shares of company stock valued at $1,236,447,886 in the last quarter. 51.11% of the stock is owned by corporate insiders.
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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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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