Heritage Trust Co boosted its holdings in shares of Walmart Inc (NYSE:WMT) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,226 shares of the retailer’s stock after buying an additional 224 shares during the quarter. Walmart comprises 1.4% of Heritage Trust Co’s portfolio, making the stock its 21st biggest holding. Heritage Trust Co’s holdings in Walmart were worth $5,479,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of WMT. UBS Asset Management Americas Inc. lifted its stake in shares of Walmart by 32.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,997,162 shares of the retailer’s stock valued at $831,543,000 after buying an additional 1,725,977 shares during the period. Renaissance Technologies LLC raised its stake in shares of Walmart by 22.1% in the fourth quarter. Renaissance Technologies LLC now owns 8,926,837 shares of the retailer’s stock valued at $1,060,865,000 after acquiring an additional 1,614,100 shares during the last quarter. Norges Bank bought a new position in shares of Walmart in the fourth quarter valued at approximately $186,636,000. Swiss National Bank increased its holdings in shares of Walmart by 21.5% in the first quarter. Swiss National Bank now owns 6,261,558 shares of the retailer’s stock valued at $711,438,000 after purchasing an additional 1,107,000 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Walmart by 67.6% in the fourth quarter. Janus Henderson Group PLC now owns 2,593,989 shares of the retailer’s stock valued at $308,261,000 after purchasing an additional 1,046,394 shares in the last quarter. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently weighed in on WMT shares. Oppenheimer reissued a “buy” rating and issued a $145.00 price target on shares of Walmart in a report on Tuesday. Wolfe Research initiated coverage on shares of Walmart in a report on Tuesday, March 31st. They set an “outperform” rating for the company. Barclays lifted their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday. Credit Suisse Group boosted their price target on shares of Walmart from $127.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Nomura Securities reissued a “buy” rating and issued a $131.00 price target on shares of Walmart in a report on Monday, March 23rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $132.03.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The business had revenue of $134.62 billion during the quarter, compared to analysts’ expectations of $130.91 billion. During the same period last year, the company posted $1.13 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc will post 4.87 earnings per share for the current year.
In other Walmart news, EVP M. Brett Biggs sold 16,205 shares of Walmart stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $114.39, for a total value of $1,853,689.95. Following the sale, the executive vice president now owns 264,445 shares of the company’s stock, valued at $30,249,863.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $117.41, for a total transaction of $9,979,850.00. Following the completion of the sale, the executive vice president now directly owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The disclosure for this sale can be found here. Insiders sold 321,205 shares of company stock worth $39,041,990 over the last ninety days. Insiders own 51.11% of the company’s stock.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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