ProVise Management Group LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,189 shares of the retailer’s stock after buying an additional 206 shares during the quarter. ProVise Management Group LLC’s holdings in Walmart were worth $1,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp raised its holdings in Walmart by 1.2% during the 1st quarter. State Street Corp now owns 70,902,390 shares of the retailer’s stock valued at $8,094,312,000 after buying an additional 835,420 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Walmart by 2.8% during the 2nd quarter. Fisher Asset Management LLC now owns 11,043,157 shares of the retailer’s stock valued at $1,322,749,000 after buying an additional 295,585 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Walmart by 6.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,975,190 shares of the retailer’s stock valued at $835,488,000 after buying an additional 441,514 shares during the last quarter. California Public Employees Retirement System raised its holdings in Walmart by 3.8% during the 2nd quarter. California Public Employees Retirement System now owns 6,384,265 shares of the retailer’s stock valued at $764,707,000 after buying an additional 231,687 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Walmart by 0.8% during the 2nd quarter. Swiss National Bank now owns 6,313,958 shares of the retailer’s stock valued at $756,286,000 after buying an additional 52,400 shares during the last quarter. Institutional investors own 29.34% of the company’s stock.

A number of brokerages have issued reports on WMT. Jefferies Financial Group began coverage on shares of Walmart in a research report on Friday, October 16th. They set a “buy” rating and a $165.00 price objective on the stock. Cfra reissued a “buy” rating and set a $145.00 price objective on shares of Walmart in a research report on Thursday, July 16th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday, September 15th. Robert W. Baird boosted their price objective on shares of Walmart from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. Finally, BMO Capital Markets boosted their price objective on shares of Walmart from $140.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $141.46.

In related news, major shareholder Alice L. Walton sold 752,085 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total value of $103,186,062.00. Following the completion of the sale, the insider now directly owns 11,323,580 shares in the company, valued at $1,553,595,176. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total value of $12,286,750.00. Following the completion of the sale, the executive vice president now owns 1,610,399 shares of the company’s stock, valued at $232,783,175.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,011,690 shares of company stock valued at $138,850,587. 50.43% of the stock is currently owned by insiders.

Shares of WMT stock traded up $0.92 on Tuesday, reaching $143.08. The company’s stock had a trading volume of 216,846 shares, compared to its average volume of 9,486,474. The stock’s fifty day simple moving average is $140.31 and its 200-day simple moving average is $130.46. Walmart Inc. has a 1 year low of $102.00 and a 1 year high of $151.33. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $402.85 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The firm had revenue of $137.70 billion during the quarter, compared to analyst estimates of $133.77 billion. During the same period last year, the firm posted $1.27 earnings per share. Walmart’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities research analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current year.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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