HighPoint Advisor Group LLC Decreases Stake in Walmart Inc (WMT)

HighPoint Advisor Group LLC lessened its stake in shares of Walmart Inc (NYSE:WMT) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,481 shares of the retailer’s stock after selling 1,286 shares during the quarter. Walmart comprises approximately 2.2% of HighPoint Advisor Group LLC’s holdings, making the stock its 5th largest position. HighPoint Advisor Group LLC’s holdings in Walmart were worth $8,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. Flippin Bruce & Porter Inc. lifted its position in shares of Walmart by 1.5% during the 1st quarter. Flippin Bruce & Porter Inc. now owns 88,284 shares of the retailer’s stock worth $7,855,000 after purchasing an additional 1,331 shares during the last quarter. Timber Hill LLC acquired a new position in Walmart in the 1st quarter valued at approximately $906,000. Intact Investment Management Inc. raised its holdings in Walmart by 18.7% in the 1st quarter. Intact Investment Management Inc. now owns 90,300 shares of the retailer’s stock valued at $8,032,000 after acquiring an additional 14,200 shares in the last quarter. Gulf International Bank UK Ltd raised its holdings in Walmart by 0.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 472,215 shares of the retailer’s stock valued at $42,012,000 after acquiring an additional 1,408 shares in the last quarter. Finally, Usca Ria LLC raised its holdings in Walmart by 5.2% in the 1st quarter. Usca Ria LLC now owns 69,843 shares of the retailer’s stock valued at $6,214,000 after acquiring an additional 3,460 shares in the last quarter. Institutional investors own 29.30% of the company’s stock.

Several research firms have commented on WMT. BMO Capital Markets set a $110.00 price target on Walmart and gave the company a “buy” rating in a report on Sunday. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $95.00 price target on shares of Walmart in a report on Friday, August 17th. Barclays reaffirmed a “buy” rating and issued a $110.00 price target on shares of Walmart in a report on Tuesday, September 4th. Royal Bank of Canada set a $101.00 price target on Walmart and gave the company a “neutral” rating in a report on Monday, September 3rd. Finally, Morningstar set a $90.00 price target on Walmart and gave the company a “neutral” rating in a report on Tuesday, June 26th. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $101.37.

In related news, major shareholder Alice L. Walton sold 594,396 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total transaction of $58,417,238.88. Following the sale, the insider now directly owns 6,748,580 shares in the company, valued at approximately $663,250,442.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 881,158 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $97.60, for a total value of $86,001,020.80. Following the sale, the director now owns 3,347,254 shares in the company, valued at $326,691,990.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,590,876 shares of company stock worth $634,531,965. 51.11% of the stock is owned by corporate insiders.

NYSE WMT opened at $94.59 on Thursday. The company has a market cap of $281.19 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 3.34 and a beta of 0.51. Walmart Inc has a one year low of $77.50 and a one year high of $109.98. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. Walmart’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. analysts forecast that Walmart Inc will post 4.8 earnings per share for the current fiscal year.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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