Meadow Creek Wealth Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 4.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,148 shares of the retailer’s stock after acquiring an additional 313 shares during the quarter. Walmart accounts for about 1.3% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in Walmart were worth $1,213,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Walmart by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 24,239,022 shares of the retailer’s stock valued at $3,496,676,000 after purchasing an additional 201,552 shares during the period. Norges Bank purchased a new position in shares of Walmart in the fourth quarter valued at $2,925,852,000. Nuveen Asset Management LLC boosted its stake in shares of Walmart by 8.0% in the fourth quarter. Nuveen Asset Management LLC now owns 10,881,290 shares of the retailer’s stock valued at $1,574,414,000 after purchasing an additional 801,954 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Walmart by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,601,132 shares of the retailer’s stock valued at $1,533,877,000 after purchasing an additional 584,227 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Walmart by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,526,788 shares of the retailer’s stock valued at $1,523,024,000 after purchasing an additional 341,661 shares during the period. 30.79% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $125.61, for a total value of $1,219,421.88. Following the completion of the transaction, the chief executive officer now owns 1,526,864 shares in the company, valued at approximately $191,789,387.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 48.44% of the company’s stock.
Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). The company had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.69 EPS. On average, equities analysts expect that Walmart Inc. will post 6.4 EPS for the current year.
Several research analysts have recently weighed in on WMT shares. Wells Fargo & Company decreased their target price on shares of Walmart from $165.00 to $150.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Stephens cut their price target on shares of Walmart to $160.00 and set an “underweight” rating on the stock in a report on Thursday, May 19th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 23rd. Bank of America cut their price target on shares of Walmart from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday, May 18th. Finally, JPMorgan Chase & Co. set a $134.00 price target on shares of Walmart in a report on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $157.56.
About Walmart (Get Rating)
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.
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