Walmart Inc (WMT) Shares Bought by Oakbrook Investments LLC
Oakbrook Investments LLC boosted its holdings in Walmart Inc (NYSE:WMT) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,683 shares of the retailer’s stock after purchasing an additional 3,250 shares during the period. Oakbrook Investments LLC’s holdings in Walmart were worth $2,036,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its position in Walmart by 1.9% in the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock worth $7,766,712,000 after purchasing an additional 1,660,543 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Walmart by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock worth $881,168,000 after purchasing an additional 148,000 shares during the last quarter. Fisher Asset Management LLC boosted its position in Walmart by 4.5% in the second quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock worth $822,957,000 after purchasing an additional 417,204 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Walmart by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 7,413,286 shares of the retailer’s stock valued at $696,182,000 after buying an additional 117,333 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Walmart by 2.0% during the 2nd quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after buying an additional 109,700 shares during the last quarter. 29.37% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on WMT. Robert W. Baird upped their price target on Walmart to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 16th. Oppenheimer reaffirmed a “neutral” rating and set a $100.00 price target on shares of Walmart in a research report on Thursday, August 16th. BMO Capital Markets began coverage on Walmart in a research report on Monday, September 17th. They set an “outperform” rating and a $110.00 price target on the stock. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “neutral” rating and set a $95.00 price target on shares of Walmart in a research report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and an average price target of $102.83.
Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same period in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts forecast that Walmart Inc will post 4.74 earnings per share for the current year.
In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the business’s stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the sale, the insider now directly owns 10,557,224 shares in the company, valued at approximately $999,030,107.12. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 881,158 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the completion of the transaction, the director now owns 3,347,254 shares in the company, valued at $326,691,990.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,199,130 shares of company stock worth $976,228,654. 51.11% of the stock is currently owned by corporate insiders.
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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