Wellington Management Group LLP Reduces Holdings in Walmart Inc. (NYSE:WMT)

Wellington Management Group LLP cut its stake in shares of Walmart Inc. (NYSE:WMT) by 46.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,069,961 shares of the retailer’s stock after selling 3,543,073 shares during the quarter. Wellington Management Group LLP owned 0.05% of Walmart worth $328,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares during the period. Oxbow Advisors LLC lifted its holdings in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after buying an additional 8,834 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after buying an additional 105,430 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of several research analyst reports. Barclays increased their price objective on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group increased their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm increased their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America increased their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.11.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the sale, the insider now owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,300,460 shares of company stock worth $570,820,065. Insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.4 %

WMT stock opened at $95.70 on Friday. The business has a 50 day moving average of $84.74 and a 200 day moving average of $76.00. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $96.18. The firm has a market cap of $769.26 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 4.54 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.