Abner Herrman & Brock LLC grew its stake in Walmart Inc (NYSE:WMT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,896 shares of the retailer’s stock after acquiring an additional 1,392 shares during the quarter. Walmart comprises approximately 3.1% of Abner Herrman & Brock LLC’s portfolio, making the stock its 8th biggest holding. Abner Herrman & Brock LLC’s holdings in Walmart were worth $16,944,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of WMT. Putnam Investments LLC increased its stake in Walmart by 836.2% in the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock valued at $472,064,000 after purchasing an additional 4,922,857 shares during the last quarter. Renaissance Technologies LLC increased its stake in Walmart by 1,431.8% in the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock valued at $284,572,000 after purchasing an additional 3,105,600 shares during the last quarter. AQR Capital Management LLC increased its stake in Walmart by 27.2% in the third quarter. AQR Capital Management LLC now owns 12,208,910 shares of the retailer’s stock valued at $1,146,539,000 after purchasing an additional 2,608,732 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Walmart by 105.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,370,190 shares of the retailer’s stock worth $213,047,000 after acquiring an additional 1,215,122 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Walmart by 173.7% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,845,500 shares of the retailer’s stock worth $158,067,000 after acquiring an additional 1,171,222 shares during the last quarter. Institutional investors and hedge funds own 29.09% of the company’s stock.
WMT traded up $0.20 on Friday, reaching $95.16. The company’s stock had a trading volume of 203,154 shares, compared to its average volume of 8,514,671. The company has a market capitalization of $281.10 billion, a P/E ratio of 21.49, a P/E/G ratio of 3.85 and a beta of 0.36. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81.
Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. As a group, equities research analysts forecast that Walmart Inc will post 4.83 earnings per share for the current fiscal year.
In other Walmart news, major shareholder Alice L. Walton sold 387,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $98.70, for a total transaction of $38,196,900.00. Following the transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director S Robson Walton sold 1,281,814 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $97.71, for a total value of $125,246,045.94. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $327,060,188.34. The disclosure for this sale can be found here. Insiders sold 11,818,674 shares of company stock valued at $1,122,286,815 in the last three months. 51.11% of the stock is currently owned by company insiders.
Several brokerages have commented on WMT. BMO Capital Markets began coverage on Walmart in a research note on Monday, September 17th. They set an “outperform” rating and a $110.00 price target for the company. Credit Suisse Group restated a “neutral” rating and set a $103.00 price target on shares of Walmart in a research note on Wednesday, October 17th. Deutsche Bank upgraded Walmart from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $113.00 in a research note on Tuesday, October 9th. JPMorgan Chase & Co. upped their price target on Walmart to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $100.00 price target on shares of Walmart in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and an average price target of $104.18.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
See Also: What strategies should day traders use to execute a trade?