Walmart Inc (NYSE:WMT) is Gabalex Capital Management LLC’s 5th Largest Position
Gabalex Capital Management LLC boosted its position in shares of Walmart Inc (NYSE:WMT) by 71.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,000 shares of the retailer’s stock after acquiring an additional 115,000 shares during the period. Walmart accounts for about 7.9% of Gabalex Capital Management LLC’s holdings, making the stock its 5th biggest position. Gabalex Capital Management LLC’s holdings in Walmart were worth $30,385,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of WMT. Clarfeld Financial Advisors LLC purchased a new position in Walmart in the 4th quarter worth approximately $25,000. C J Advisory Inc purchased a new stake in shares of Walmart in the 1st quarter valued at $29,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Walmart in the 2nd quarter valued at $34,000. Financial Gravity Wealth Inc. purchased a new stake in shares of Walmart in the 1st quarter valued at $35,000. Finally, WP Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter valued at $37,000. 30.05% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on WMT shares. Daiwa Capital Markets raised shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research note on Wednesday, May 22nd. Goldman Sachs Group set a $123.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Thursday. Bank of America set a $120.00 price objective on shares of Walmart and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, KeyCorp upped their price objective on shares of Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the stock. Walmart presently has an average rating of “Buy” and a consensus price target of $110.02.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. The business had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. As a group, equities research analysts expect that Walmart Inc will post 4.84 EPS for the current fiscal year.
In other news, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 1,626,851 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the completion of the sale, the insider now directly owns 17,502,080 shares in the company, valued at $1,769,110,246.40. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock worth $571,021,654 over the last ninety days. Insiders own 51.11% of the company’s stock.
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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