Scott & Selber Inc. lifted its stake in Walmart Inc (NYSE:WMT) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,376 shares of the retailer’s stock after buying an additional 648 shares during the period. Walmart comprises approximately 1.6% of Scott & Selber Inc.’s holdings, making the stock its 21st largest holding. Scott & Selber Inc.’s holdings in Walmart were worth $3,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Walmart by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares in the last quarter. Accuvest Global Advisors acquired a new position in shares of Walmart in the 4th quarter worth approximately $581,000. Aviance Capital Management LLC raised its holdings in shares of Walmart by 73.3% in the 4th quarter. Aviance Capital Management LLC now owns 13,246 shares of the retailer’s stock worth $1,234,000 after buying an additional 5,601 shares in the last quarter. Trustco Bank Corp N Y raised its holdings in shares of Walmart by 3.6% in the 4th quarter. Trustco Bank Corp N Y now owns 10,981 shares of the retailer’s stock worth $1,022,000 after buying an additional 386 shares in the last quarter. Finally, Lehman & Derafelo Financial Resources LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $264,000. 30.05% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:WMT traded up $2.23 during midday trading on Tuesday, hitting $107.45. The company had a trading volume of 360,865 shares, compared to its average volume of 4,805,763. Walmart Inc has a 12 month low of $85.78 and a 12 month high of $115.49. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The company has a market cap of $306.25 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 4.69 and a beta of 0.41. The business has a fifty day moving average of $111.46.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Walmart Inc will post 4.84 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Bank of America set a $120.00 target price on Walmart and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group increased their price objective on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Wolfe Research lowered Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Gordon Haskett upgraded Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price objective on the stock in a research report on Friday, May 17th. Finally, Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have issued a buy rating to the company. Walmart has an average rating of “Buy” and an average price target of $109.56.

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the transaction, the insider now directly owns 122,673 shares in the company, valued at $13,388,531.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total value of $134,930,451.16. Following the transaction, the director now owns 3,347,511 shares in the company, valued at $341,580,022.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,559,285 shares of company stock worth $571,021,654. Corporate insiders own 50.22% of the company’s stock.

Walmart 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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