Dearborn Partners LLC Decreases Stock Position in Walmart Inc (NYSE:WMT)

Dearborn Partners LLC cut its stake in Walmart Inc (NYSE:WMT) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,108 shares of the retailer’s stock after selling 467 shares during the period. Dearborn Partners LLC’s holdings in Walmart were worth $2,169,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Howland Capital Management LLC increased its position in shares of Walmart by 3.3% during the second quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock worth $291,000 after purchasing an additional 77 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of Walmart by 0.8% during the first quarter. Arthur M. Cohen & Associates LLC now owns 10,153 shares of the retailer’s stock worth $1,113,000 after purchasing an additional 80 shares in the last quarter. PBMares Wealth Management LLC increased its position in Walmart by 1.2% in the 1st quarter. PBMares Wealth Management LLC now owns 6,880 shares of the retailer’s stock valued at $782,000 after acquiring an additional 83 shares during the period. United Bank increased its position in Walmart by 3.3% in the 1st quarter. United Bank now owns 2,621 shares of the retailer’s stock valued at $298,000 after acquiring an additional 83 shares during the period. Finally, New England Professional Planning Group Inc. increased its position in Walmart by 3.6% in the 1st quarter. New England Professional Planning Group Inc. now owns 2,389 shares of the retailer’s stock valued at $296,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 29.95% of the company’s stock.

Shares of Walmart stock traded down $0.72 during trading on Friday, hitting $129.40. 7,211,535 shares of the company were exchanged, compared to its average volume of 8,888,366. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. Walmart Inc has a fifty-two week low of $102.00 and a fifty-two week high of $134.13. The stock has a market capitalization of $366.68 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 4.69 and a beta of 0.28. The firm has a 50 day moving average price of $124.74 and a 200 day moving average price of $120.79.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. The company had revenue of $134.62 billion during the quarter, compared to the consensus estimate of $130.91 billion. Walmart had a return on equity of 18.33% and a net margin of 2.81%. Walmart’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. Analysts predict that Walmart Inc will post 4.93 earnings per share for the current year.

Several equities analysts recently issued reports on WMT shares. Royal Bank of Canada boosted their price target on Walmart from $126.00 to $129.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 13th. Raymond James boosted their price target on Walmart from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Deutsche Bank restated a “buy” rating on shares of Walmart in a research report on Wednesday, July 8th. CSFB boosted their price target on Walmart from $127.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Finally, Citigroup restated a “buy” rating and issued a $140.00 price target (up previously from $137.00) on shares of Walmart in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. Walmart currently has an average rating of “Buy” and an average target price of $134.18.

In other Walmart news, EVP Kathryn J. Mclay sold 7,324 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total value of $922,824.00. Following the completion of the transaction, the executive vice president now directly owns 51,526 shares in the company, valued at approximately $6,492,276. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marc E. Lore sold 85,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $123.05, for a total value of $10,459,250.00. Following the completion of the transaction, the executive vice president now owns 2,272,996 shares of the company’s stock, valued at $279,692,157.80. The disclosure for this sale can be found here. Insiders sold a total of 262,324 shares of company stock valued at $32,141,624 over the last quarter. 50.43% of the stock is currently owned by insiders.

Walmart Company Profile

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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