IBM Retirement Fund trimmed its position in shares of Walmart Inc (NYSE:WMT) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 34,659 shares of the retailer’s stock after selling 487 shares during the quarter. IBM Retirement Fund’s holdings in Walmart were worth $4,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Silverleafe Capital Partners LLC lifted its position in shares of Walmart by 6.5% during the second quarter. Silverleafe Capital Partners LLC now owns 46,750 shares of the retailer’s stock worth $5,600,000 after acquiring an additional 2,866 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its position in shares of Walmart by 1.0% during the second quarter. Murphy Middleton Hinkle & Parker Inc. now owns 18,010 shares of the retailer’s stock worth $2,157,000 after acquiring an additional 177 shares in the last quarter. Pure Financial Advisors Inc. lifted its position in shares of Walmart by 5.1% during the second quarter. Pure Financial Advisors Inc. now owns 2,100 shares of the retailer’s stock worth $252,000 after acquiring an additional 101 shares in the last quarter. Trinity Legacy Partners LLC lifted its position in shares of Walmart by 3.5% during the second quarter. Trinity Legacy Partners LLC now owns 34,843 shares of the retailer’s stock worth $4,143,000 after acquiring an additional 1,177 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in shares of Walmart by 4.3% during the second quarter. DNB Asset Management AS now owns 177,409 shares of the retailer’s stock worth $21,250,000 after acquiring an additional 7,382 shares in the last quarter. 29.97% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE WMT traded down $2.51 during trading hours on Wednesday, hitting $124.44. The company’s stock had a trading volume of 17,289,171 shares, compared to its average volume of 7,748,617. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.27 and a current ratio of 0.77. The stock has a market cap of $359.74 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 4.55 and a beta of 0.28. Walmart Inc has a 12 month low of $102.00 and a 12 month high of $133.38. The business has a 50-day simple moving average of $121.28 and a 200-day simple moving average of $119.36.

Walmart (NYSE:WMT) last posted its 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. The company had revenue of $134.62 billion for the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a return on equity of 18.33% and a net margin of 2.81%. Walmart’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $1.13 earnings per share. On average, equities research analysts forecast that Walmart Inc will post 4.93 EPS for the current year.

Several research firms have issued reports on WMT. Oppenheimer began coverage on Walmart in a research report on Tuesday. They set a “buy” rating and a $145.00 target price on the stock. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating and set a $130.00 target price on the stock. in a research report on Monday, May 4th. Royal Bank of Canada increased their price objective on Walmart from $126.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 13th. Stifel Nicolaus increased their price objective on Walmart from $117.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, May 20th. Finally, Cleveland Research upgraded Walmart from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $132.45.

In other Walmart news, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $120.89, for a total transaction of $10,275,650.00. Following the sale, the executive vice president now directly owns 2,075,532 shares of the company’s stock, valued at approximately $250,911,063.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.00, for a total value of $922,824.00. Following the sale, the executive vice president now directly owns 51,526 shares in the company, valued at $6,492,276. The disclosure for this sale can be found here. Insiders sold 262,324 shares of company stock worth $32,581,924 over the last three months. 50.43% of the stock is owned by insiders.

About Walmart

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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