First Interstate Bank Has $5.90 Million Holdings in Walmart Inc (WMT)
First Interstate Bank cut its stake in shares of Walmart Inc (NYSE:WMT) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,847 shares of the retailer’s stock after selling 1,094 shares during the quarter. First Interstate Bank’s holdings in Walmart were worth $5,902,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. acquired a new position in shares of Walmart during the 2nd quarter worth $111,000. Amussen Hunsaker Associates LLC acquired a new position in shares of Walmart during the 2nd quarter worth $152,000. ELM Advisors LLC acquired a new position in shares of Walmart during the 3rd quarter worth $152,000. Berman Capital Advisors LLC acquired a new position in shares of Walmart during the 3rd quarter worth $158,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Walmart during the 3rd quarter worth $162,000. 29.09% of the stock is currently owned by institutional investors and hedge funds.
In other Walmart news, Director S Robson Walton sold 1,276,062 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $95.19, for a total transaction of $121,468,341.78. Following the sale, the director now directly owns 4,147,254 shares of the company’s stock, valued at approximately $394,777,108.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 525,008 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $95.34, for a total transaction of $50,054,262.72. Following the sale, the insider now directly owns 8,748,580 shares in the company, valued at $834,089,617.20. The disclosure for this sale can be found here. Insiders have sold a total of 11,337,196 shares of company stock worth $1,084,692,741 over the last ninety days. 51.11% of the stock is owned by corporate insiders.
Walmart stock opened at $94.16 on Wednesday. Walmart Inc has a 12-month low of $81.78 and a 12-month high of $109.98. The stock has a market cap of $289.40 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 4.01 and a beta of 0.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.01% and a return on equity of 18.36%. The company had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. As a group, equities research analysts expect that Walmart Inc will post 4.79 EPS for the current fiscal year.
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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, 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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