Westchester Capital Management Inc. Sells 1,060 Shares of Walmart Inc (NYSE:WMT)

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Westchester Capital Management Inc. decreased its stake in shares of Walmart Inc (NYSE:WMT) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 92,415 shares of the retailer’s stock after selling 1,060 shares during the period. Walmart makes up 4.3% of Westchester Capital Management Inc.’s holdings, making the stock its 8th largest position. Westchester Capital Management Inc.’s holdings in Walmart were worth $10,968,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Walmart by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after buying an additional 920,813 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Walmart by 6.0% in 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 buying an additional 721,297 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Walmart by 3.3% in 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 buying an additional 373,683 shares during the last quarter. Morgan Stanley grew its holdings in Walmart by 5.2% in the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after buying an additional 565,425 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Walmart by 2.7% in 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 buying an additional 284,748 shares during the last quarter. 30.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walmart stock traded down $0.79 during midday trading on Friday, hitting $119.44. 3,761,572 shares of the company were exchanged, compared to its average volume of 6,160,737. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The firm has a market cap of $338.07 billion, a P/E ratio of 24.33, a PEG ratio of 5.11 and a beta of 0.39. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $120.92. The firm has a 50 day simple moving average of $118.56 and a 200-day simple moving average of $111.26.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. Walmart’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Equities research analysts expect that Walmart Inc will post 4.92 earnings per share for the current year.

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is owned by company insiders.

A number of analysts have issued reports on WMT shares. Credit Suisse Group set a $105.00 target price on Walmart and gave the company a “hold” rating in a report on Thursday, August 15th. Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and raised their target price for the company from $115.00 to $125.00 in a report on Thursday, August 15th. Oppenheimer raised their target price on Walmart from $108.00 to $125.00 and gave the company a “market perform” rating in a report on Monday, November 4th. BMO Capital Markets raised their target price on Walmart to $125.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Royal Bank of Canada set a $112.00 target price on Walmart and gave the company a “neutral” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have given a buy rating to the stock. Walmart has a consensus rating of “Buy” and a consensus target price of $118.41.

Walmart 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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