WestEnd Advisors LLC lessened its holdings in Walmart Inc (NYSE:WMT) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,614 shares of the retailer’s stock after selling 18,507 shares during the period. Walmart accounts for about 3.9% of WestEnd Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. WestEnd Advisors LLC’s holdings in Walmart were worth $40,721,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new position in shares of Walmart during the 2nd quarter worth about $111,000. ELM Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth about $152,000. Berman Capital Advisors LLC bought a new position in shares of Walmart during the 3rd quarter worth about $158,000. Harvest Fund Management Co. Ltd bought a new position in shares of Walmart during the 3rd quarter worth about $162,000. Finally, MinichMacGregor Wealth Management LLC increased its holdings in shares of Walmart by 56.0% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 1,753 shares of the retailer’s stock worth $165,000 after purchasing an additional 629 shares during the period. 29.09% of the stock is owned by institutional investors and hedge funds.

In other news, Director S Robson Walton sold 600,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $96.92, for a total transaction of $58,152,000.00. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at $324,415,857.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 2,009,792 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 10,557,224 shares in the company, valued at $999,030,107.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,433,931 shares of company stock worth $803,955,004. Company insiders own 51.11% of the company’s stock.

WMT has been the topic of several research reports. Gordon Haskett downgraded shares of Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Zacks Investment Research cut shares of Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $87.00 target price on shares of Walmart in a research note on Tuesday, August 7th. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Walmart in a research note on Thursday, August 9th. Finally, Guggenheim reissued a “buy” rating and issued a $110.00 target price on shares of Walmart in a research note on Thursday, August 16th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $104.13.

NYSE:WMT opened at $96.78 on Tuesday. The stock has a market capitalization of $289.40 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 4.01 and a beta of 0.35. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $109.98. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. The firm had revenue of $124.89 billion for the quarter, compared to analyst estimates of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. Research analysts predict that Walmart Inc will post 4.79 earnings per share for the current fiscal year.

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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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