Grantham Mayo Van Otterloo & Co. LLC Decreases Position in Walmart Inc. (NYSE:WMT)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in Walmart Inc. (NYSE:WMTGet Rating) by 13.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,285 shares of the retailer’s stock after selling 15,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Walmart were worth $12,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its stake in Walmart by 19.5% in the second quarter. Public Sector Pension Investment Board now owns 898,368 shares of the retailer’s stock valued at $109,224,000 after buying an additional 146,543 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Walmart in the second quarter valued at approximately $4,843,000. Lcnb Corp lifted its stake in Walmart by 13.3% in the second quarter. Lcnb Corp now owns 4,988 shares of the retailer’s stock valued at $606,000 after buying an additional 585 shares during the last quarter. Magellan Asset Management Ltd lifted its stake in Walmart by 46.4% in the second quarter. Magellan Asset Management Ltd now owns 71,118 shares of the retailer’s stock valued at $8,647,000 after buying an additional 22,533 shares during the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Walmart by 468.6% in the second quarter. Pacific Center for Financial Services now owns 961 shares of the retailer’s stock valued at $117,000 after buying an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Walmart Trading Up 0.5 %

Shares of NYSE WMT opened at $152.42 on Thursday. The company has a market cap of $413.70 billion, a price-to-earnings ratio of 47.04, a price-to-earnings-growth ratio of 4.54 and a beta of 0.52. Walmart Inc. has a 12-month low of $117.27 and a 12-month high of $160.77. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $137.33 and its 200 day simple moving average is $132.12.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.18. The firm had revenue of $152.80 billion for the quarter, compared to the consensus estimate of $146.80 billion. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Equities research analysts expect that Walmart Inc. will post 6.08 EPS for the current year.

Walmart declared that its Board of Directors has initiated a share buyback program on Tuesday, November 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. TheStreet upgraded Walmart from a “c+” rating to a “b” rating in a research note on Thursday, September 29th. BMO Capital Markets upped their price target on Walmart from $160.00 to $165.00 in a research note on Wednesday, November 16th. Jefferies Financial Group upped their price target on Walmart from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, October 18th. Cowen upped their price objective on Walmart from $165.00 to $175.00 in a report on Wednesday, November 16th. Finally, Bank of America upped their price objective on Walmart from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.14.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $134.38, for a total transaction of $587,912.50. Following the sale, the executive vice president now owns 268,183 shares of the company’s stock, valued at approximately $36,038,431.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $134.38, for a total transaction of $587,912.50. Following the transaction, the executive vice president now directly owns 268,183 shares in the company, valued at approximately $36,038,431.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $141.18, for a total value of $1,370,575.44. Following the transaction, the chief executive officer now owns 1,478,337 shares in the company, valued at $208,711,617.66. The disclosure for this sale can be found here. Insiders have sold 3,723,319 shares of company stock valued at $551,899,783 in the last quarter. Corporate insiders own 47.06% of the company’s stock.

Walmart Company Profile

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Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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