Walmart Inc. (NYSE:WMT) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,033 shares of the retailer’s stock after selling 4,490 shares during the period. Brandywine Global Investment Management LLC’s holdings in Walmart were worth $6,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Walmart by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 131,332,067 shares of the retailer’s stock valued at $18,520,449,000 after acquiring an additional 843,376 shares during the period. BlackRock Inc. lifted its stake in shares of Walmart by 2.5% in the 2nd quarter. BlackRock Inc. now owns 90,061,853 shares of the retailer’s stock valued at $12,700,522,000 after purchasing an additional 2,205,438 shares during the period. Geode Capital Management LLC lifted its stake in shares of Walmart by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 22,834,110 shares of the retailer’s stock valued at $3,210,285,000 after purchasing an additional 536,758 shares during the period. Morgan Stanley lifted its stake in shares of Walmart by 3.7% in the 1st quarter. Morgan Stanley now owns 13,884,021 shares of the retailer’s stock valued at $1,885,866,000 after purchasing an additional 495,284 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Walmart by 3.4% in the 2nd quarter. Fisher Asset Management LLC now owns 12,626,107 shares of the retailer’s stock valued at $1,780,534,000 after purchasing an additional 411,297 shares during the period. Institutional investors and hedge funds own 30.22% of the company’s stock.

Several research firms recently issued reports on WMT. MKM Partners boosted their target price on shares of Walmart from $152.00 to $156.00 and gave the company a “neutral” rating in a research note on Wednesday, August 18th. Tigress Financial reissued a “hold” rating and issued a $170.00 price target on shares of Walmart in a report on Friday, August 27th. Morgan Stanley reissued a “buy” rating and issued a $170.00 price target on shares of Walmart in a report on Monday, August 30th. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $158.00 price target for the company. in a report on Wednesday, August 18th. Finally, Credit Suisse Group set a $166.00 price target on shares of Walmart in a report on Tuesday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $169.84.

In other news, major shareholder Alice L. Walton sold 637,141 shares of the stock in a transaction dated Wednesday, August 18th. The shares were sold at an average price of $150.64, for a total transaction of $95,978,920.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Jim C. Walton sold 254,700 shares of the stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $150.93, for a total transaction of $38,441,871.00. The disclosure for this sale can be found here. Insiders sold 8,212,124 shares of company stock worth $1,213,033,182 in the last ninety days. 48.44% of the stock is currently owned by corporate insiders.

NYSE WMT opened at $138.37 on Thursday. The firm’s 50-day moving average is $144.99 and its two-hundred day moving average is $141.76. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.96 and a quick ratio of 0.38. The stock has a market capitalization of $385.84 billion, a P/E ratio of 38.98, a PEG ratio of 4.21 and a beta of 0.47.

Walmart (NYSE:WMT) last posted its earnings results on Monday, August 16th. The retailer reported $1.78 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.21. Walmart had a net margin of 1.78% and a return on equity of 20.22%. The company had revenue of $141 billion for the quarter, compared to analysts’ expectations of $136.07 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. Walmart’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc. will post 6.3 EPS for the current year.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

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.