Walmart Inc. (NYSE:WMT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its position in shares of Walmart Inc. (NYSE:WMT) by 69.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,148 shares of the retailer’s stock after selling 28,149 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Walmart were worth $981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its holdings in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. International Assets Investment Management LLC raised its stake in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the period. BlueSpruce Investments LP lifted its position in shares of Walmart by 186.6% during the 1st quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after buying an additional 6,727,200 shares in the last quarter. Boston Partners grew its stake in Walmart by 202.5% in the 1st quarter. Boston Partners now owns 9,431,662 shares of the retailer’s stock valued at $567,499,000 after acquiring an additional 6,314,185 shares during the period. Finally, Swedbank AB purchased a new stake in Walmart in the 1st quarter worth $320,246,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 2.3 %

WMT opened at $90.44 on Friday. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $90.91. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $82.12 and a 200-day simple moving average of $73.75. The firm has a market cap of $726.94 billion, a P/E ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WMT. Guggenheim increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Stifel Nicolaus boosted their price target on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

About Walmart

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.