Gamco Investors INC. ET AL lessened its holdings in Walmart Inc (NYSE:WMT) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,375 shares of the retailer’s stock after selling 2,175 shares during the period. Gamco Investors INC. ET AL’s holdings in Walmart were worth $1,469,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of WMT. Nuveen Asset Management LLC boosted its position in shares of Walmart by 4,405.6% in the second quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock worth $1,143,946,000 after buying an additional 10,123,600 shares during the period. Renaissance Technologies LLC boosted its position in shares of Walmart by 184.2% in the second quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock worth $514,185,000 after buying an additional 3,015,931 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Walmart by 11,482.5% in the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after buying an additional 2,423,276 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Walmart by 43.2% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock worth $782,423,000 after buying an additional 1,463,052 shares during the period. Finally, Railway Pension Investments Ltd acquired a new stake in shares of Walmart in the second quarter worth $13,798,000. 30.15% of the stock is owned by institutional investors and hedge funds.
NYSE WMT traded down $0.79 during trading on Friday, hitting $119.44. 3,761,572 shares of the company traded hands, compared to its average volume of 6,160,737. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $120.92. The business has a fifty day simple moving average of $118.56 and a 200 day simple moving average of $111.26. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $338.07 billion, a P/E ratio of 24.33, a PEG ratio of 5.11 and a beta of 0.39.
Several brokerages have recently commented on WMT. Loop Capital raised their target price on Walmart to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Goldman Sachs Group set a $123.00 price objective on Walmart and gave the stock a “buy” rating in a report on Thursday, August 15th. UBS Group set a $115.00 price objective on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Morgan Stanley increased their price objective on Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Finally, Buckingham Research set a $109.00 price objective on Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $118.41.
In other news, SVP David Chojnowski sold 3,680 shares of Walmart stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total value of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is owned by company insiders.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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