IFM Investors Pty Ltd Increases Position in Walmart Inc. (NYSE:WMT)
IFM Investors Pty Ltd lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 16.3% during the fourth quarter, Holdings Channel reports. The fund owned 136,469 shares of the retailer’s stock after purchasing an additional 19,139 shares during the quarter. IFM Investors Pty Ltd’s holdings in Walmart were worth $19,672,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Tortoise Investment Management LLC purchased a new stake in shares of Walmart during the third quarter worth about $28,000. Lipe & Dalton bought a new stake in Walmart in the third quarter valued at about $31,000. Carolina Wealth Advisors LLC increased its holdings in Walmart by 57.6% in the third quarter. Carolina Wealth Advisors LLC now owns 260 shares of the retailer’s stock valued at $36,000 after buying an additional 95 shares during the last quarter. Paces Ferry Wealth Advisors LLC bought a new stake in Walmart in the third quarter valued at about $47,000. Finally, JJJ Advisors Inc. grew its holdings in shares of Walmart by 206.4% during the third quarter. JJJ Advisors Inc. now owns 337 shares of the retailer’s stock valued at $47,000 after purchasing an additional 227 shares during the last quarter. 29.34% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director S Robson Walton sold 1,588,645 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The shares were sold at an average price of $144.23, for a total transaction of $229,130,268.35. Following the completion of the sale, the director now owns 3,215,991 shares of the company’s stock, valued at approximately $463,842,381.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 411,355 shares of the company’s stock in a transaction that occurred on Tuesday, December 29th. The stock was sold at an average price of $144.42, for a total transaction of $59,407,889.10. Following the sale, the insider now directly owns 10,507,124 shares of the company’s stock, valued at approximately $1,517,438,848.08. The disclosure for this sale can be found here. Insiders sold a total of 9,390,000 shares of company stock valued at $1,376,288,395 in the last three months. Insiders own 50.43% of the company’s stock.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Monday, November 16th. The retailer reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.16. The firm had revenue of $134.71 billion during the quarter, compared to the consensus estimate of $133 billion. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same quarter in the previous year, the firm posted $1.16 EPS. Sell-side analysts forecast that Walmart Inc. will post 5.35 EPS for the current year.
A number of research firms have weighed in on WMT. KeyCorp upped their target price on Walmart from $155.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 18th. Jefferies Financial Group increased their price objective on Walmart from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, November 12th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $163.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, November 18th. Smith Barney Citigroup upped their price target on shares of Walmart from $155.00 to $172.00 in a research note on Wednesday, November 18th. Finally, Cowen reaffirmed a “buy” rating and issued a $155.00 price target on shares of Walmart in a research note on Wednesday, October 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-eight have given a buy rating to the stock. Walmart presently has a consensus rating of “Buy” and a consensus price target of $150.82.
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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