BBVA USA Bancshares Inc. Reduces Stake in Walmart Inc. (NYSE:WMT)

BBVA USA Bancshares Inc. lowered its position in Walmart Inc. (NYSE:WMT) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,643 shares of the retailer’s stock after selling 254 shares during the period. BBVA USA Bancshares Inc.’s holdings in Walmart were worth $1,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in WMT. State Street Corp lifted its position in shares of 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 in the last quarter. AXA increased its stake in shares of Walmart by 32.0% in the 1st quarter. AXA now owns 341,251 shares of the retailer’s stock worth $38,773,000 after acquiring an additional 82,775 shares during the last quarter. M&R Capital Management Inc. increased its stake in shares of Walmart by 12.9% in the 2nd quarter. M&R Capital Management Inc. now owns 2,102 shares of the retailer’s stock worth $251,000 after acquiring an additional 240 shares during the last quarter. First Financial Bank Trust Division increased its stake in shares of Walmart by 3.5% in the 2nd quarter. First Financial Bank Trust Division now owns 12,215 shares of the retailer’s stock worth $1,463,000 after acquiring an additional 413 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Walmart by 88.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,740 shares of the retailer’s stock worth $567,000 after acquiring an additional 2,223 shares during the last quarter. Institutional investors and hedge funds own 29.34% of the company’s stock.

A number of analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $144.00 target price on shares of Walmart in a research note on Tuesday, August 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $137.00 price target on shares of Walmart in a report on Friday, October 2nd. Guggenheim increased their price target on Walmart from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Oppenheimer reiterated a “buy” rating and set a $152.00 price target (up from $145.00) on shares of Walmart in a report on Tuesday, September 22nd. Finally, Barclays reiterated a “buy” rating and set a $140.00 price target on shares of Walmart in a report on Monday, August 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $141.46.

In other news, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $129.22, for a total transaction of $10,983,700.00. Following the sale, the executive vice president now owns 1,858,073 shares of the company’s stock, valued at approximately $240,100,193.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Chojnowski sold 4,605 shares of Walmart stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the transaction, the senior vice president now directly owns 30,620 shares in the company, valued at approximately $4,110,428.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,011,690 shares of company stock worth $138,850,587 in the last three months. Corporate insiders own 50.43% of the company’s stock.

Shares of NYSE WMT opened at $139.92 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. Walmart Inc. has a fifty-two week low of $102.00 and a fifty-two week high of $151.33. The firm has a market capitalization of $396.50 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The stock’s 50-day simple moving average is $140.33 and its 200-day simple moving average is $130.75.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The business had revenue of $137.70 billion for the quarter, compared to analyst estimates of $133.77 billion. During the same quarter last year, the company earned $1.27 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

Walmart Profile

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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