Jupiter Asset Management Ltd. lowered its holdings in Walmart Inc (NYSE:WMT) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,737 shares of the retailer’s stock after selling 4,369 shares during the period. Jupiter Asset Management Ltd.’s holdings in Walmart were worth $10,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aldebaran Financial Inc. increased its stake in shares of Walmart by 31.2% in the second quarter. Aldebaran Financial Inc. now owns 8,421 shares of the retailer’s stock valued at $721,000 after purchasing an additional 2,001 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Walmart in the second quarter valued at approximately $1,761,000. Sawtooth Solutions LLC increased its stake in shares of Walmart by 51.5% in the second quarter. Sawtooth Solutions LLC now owns 9,844 shares of the retailer’s stock valued at $844,000 after purchasing an additional 3,346 shares during the period. Aviance Capital Partners LLC increased its stake in shares of Walmart by 29.3% in the second quarter. Aviance Capital Partners LLC now owns 3,641 shares of the retailer’s stock valued at $311,000 after purchasing an additional 824 shares during the period. Finally, Northwest Bancshares Inc. increased its stake in shares of Walmart by 3.4% in the second quarter. Northwest Bancshares Inc. now owns 26,096 shares of the retailer’s stock valued at $2,235,000 after purchasing an additional 860 shares during the period. 29.44% of the stock is currently owned by hedge funds and other institutional investors.

Walmart stock opened at $95.83 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $286.23 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.41 and a beta of 0.51. Walmart Inc has a 1 year low of $77.50 and a 1 year high of $109.98.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.08 earnings per share. sell-side analysts predict that Walmart Inc will post 4.78 earnings per share for the current year.

Several brokerages have commented on WMT. Royal Bank of Canada set a $101.00 price target on shares of Walmart and gave the company a “neutral” rating in a research note on Monday, September 3rd. Barclays restated a “buy” rating and issued a $110.00 price target on shares of Walmart in a research note on Tuesday. Stifel Nicolaus restated a “neutral” rating and issued a $95.00 price target on shares of Walmart in a research note on Friday, August 17th. Morningstar set a $96.00 price target on shares of Walmart and gave the company a “neutral” rating in a research note on Thursday, August 30th. Finally, Argus set a $112.00 price target on shares of Walmart and gave the company a “buy” rating in a research note on Friday, August 17th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus price target of $100.89.

In other Walmart news, insider Judith J. Mckenna sold 12,111 shares of Walmart stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $96.31, for a total value of $1,166,410.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 491,120 shares of Walmart stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $84.23, for a total transaction of $41,367,037.60. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $568,432,893.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,659,544 shares of company stock worth $773,912,009. 51.11% of the stock is currently owned by company insiders.

About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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