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.

A number of research firms have recently weighed in on WMT. Daiwa Capital Markets cut shares of Walmart from an “outperform” rating to a “neutral” rating and set a $101.00 price target on the stock. in a research note on Tuesday. Wells Fargo & Co set a $98.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research note on Tuesday. Independent Research set a $101.00 price target on shares of Walmart and gave the stock a “neutral” rating in a research note on Tuesday. Raymond James reaffirmed a “buy” rating and set a $105.00 price target on shares of Walmart in a research note on Monday. Finally, Stephens set a $117.00 price target on shares of Walmart and gave the stock a “buy” rating in a research note on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $104.04.

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.

ILLEGAL ACTIVITY NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2018/11/21/first-interstate-bank-has-5-90-million-holdings-in-walmart-inc-wmt.html.

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.

Further Reading: Do stock splits help investors?

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc (NYSE:WMT).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.