Fairfield Bush & CO. lowered its position in shares of Walmart Inc (NYSE:WMT) by 23.8% during the first quarter, Holdings Channel reports. The firm owned 27,095 shares of the retailer’s stock after selling 8,486 shares during the quarter. Walmart makes up about 1.3% of Fairfield Bush & CO.’s portfolio, making the stock its 22nd largest holding. Fairfield Bush & CO.’s holdings in Walmart were worth $3,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolution Wealth Advisors LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $26,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Walmart during the fourth quarter worth about $27,000. Joseph P. Lucia & Associates LLC increased its position in shares of Walmart by 75.6% during the first quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Walmart by 138.9% during the fourth quarter. AlphaMark Advisors LLC now owns 258 shares of the retailer’s stock worth $31,000 after purchasing an additional 150 shares in the last quarter. Finally, MBM Wealth Consultants LLC increased its position in shares of Walmart by 197.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 315 shares of the retailer’s stock worth $37,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 29.97% of the company’s stock.

In related news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $117.41, for a total value of $9,979,850.00. Following the completion of the sale, the executive vice president now owns 2,466,418 shares in the company, valued at approximately $289,582,137.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 7,324 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the sale, the executive vice president now owns 51,526 shares of the company’s stock, valued at approximately $6,492,276. The disclosure for this sale can be found here. In the last 90 days, insiders sold 262,324 shares of company stock valued at $32,286,124. 50.22% of the stock is owned by insiders.

NYSE:WMT traded down $0.52 during trading hours on Wednesday, reaching $123.42. 340,879 shares of the company’s stock were exchanged, compared to its average volume of 8,874,693. The company has a market capitalization of $351.27 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 5.08 and a beta of 0.30. Walmart Inc has a 12 month low of $101.40 and a 12 month high of $133.38. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $125.76 and its two-hundred day simple moving average is $119.28.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, May 19th. The retailer reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The firm had revenue of $134.62 billion during the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. As a group, sell-side analysts anticipate that Walmart Inc will post 4.93 earnings per share for the current fiscal year.

A number of research firms recently issued reports on WMT. Royal Bank of Canada raised their price target on Walmart from $126.00 to $129.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 13th. Robert W. Baird raised their price target on Walmart from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a report on Monday, May 4th. Exane BNP Paribas lowered Walmart to an “underperform” rating and set a $98.00 price target on the stock. in a report on Thursday, March 26th. Finally, Nomura Securities reissued a “buy” rating and set a $131.00 price target on shares of Walmart in a report on Monday, March 23rd. Two research 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 stock. Walmart presently has a consensus rating of “Buy” and a consensus target price of $132.03.

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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