Flossbach Von Storch AG grew its stake in Walmart Inc (NYSE:WMT) by 13.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,466 shares of the retailer’s stock after buying an additional 15,042 shares during the period. Flossbach Von Storch AG’s holdings in Walmart were worth $14,596,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Cigna Investments Inc. New boosted its stake in Walmart by 6.3% during the 1st quarter. Cigna Investments Inc. New now owns 39,925 shares of the retailer’s stock worth $4,536,000 after purchasing an additional 2,358 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in Walmart during the 1st quarter worth $639,000. Sequoia Financial Advisors LLC boosted its stake in Walmart by 6.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 35,984 shares of the retailer’s stock worth $4,089,000 after purchasing an additional 2,030 shares during the period. MainStreet Investment Advisors LLC acquired a new stake in Walmart during the 1st quarter worth $958,000. Finally, Fiduciary Group LLC boosted its stake in Walmart by 0.7% during the 1st quarter. Fiduciary Group LLC now owns 76,101 shares of the retailer’s stock worth $8,647,000 after purchasing an additional 555 shares during the period. Hedge funds and other institutional investors own 30.28% of the company’s stock.

Shares of Walmart stock traded down $0.66 during mid-day trading on Friday, hitting $124.33. 7,294,059 shares of the stock were exchanged, compared to its average volume of 9,517,713. Walmart Inc has a twelve month low of $100.60 and a twelve month high of $133.38. The stock has a market capitalization of $354.18 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 5.21 and a beta of 0.30. The company has a 50-day simple moving average of $125.02 and a 200 day simple moving average of $118.99. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 0.85.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The company had revenue of $134.62 billion for the quarter, compared to analysts’ expectations of $130.91 billion. During the same period last year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc will post 4.86 earnings per share for the current fiscal year.

In related news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 2,272,996 shares of the company’s stock, valued at $279,692,157.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $116.50, for a total transaction of $5,825,000.00. The disclosure for this sale can be found here. Insiders sold 321,205 shares of company stock worth $39,041,990 over the last three months. Corporate insiders own 51.11% of the company’s stock.

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Walmart from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday. Gordon Haskett downgraded shares of Walmart from a “buy” rating to an “accumulate” rating and upped their price objective for the stock from $130.00 to $140.00 in a research report on Wednesday, April 29th. They noted that the move was a valuation call. Bank of America upped their price objective on shares of Walmart from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Morgan Stanley upped their price objective on shares of Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Monday, May 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $132.03.

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.

Further Reading: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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