Game Creek Capital LP Sells 3,000 Shares of Walmart Inc. (NYSE:WMT)

Game Creek Capital LP trimmed its holdings in Walmart Inc. (NYSE:WMTGet Rating) by 30.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the retailer’s stock after selling 3,000 shares during the quarter. Game Creek Capital LP’s holdings in Walmart were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 7.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 23,919,371 shares of the retailer’s stock worth $2,908,117,000 after acquiring an additional 1,685,320 shares in the last quarter. FMR LLC grew its position in Walmart by 5.1% during the 2nd quarter. FMR LLC now owns 13,747,082 shares of the retailer’s stock valued at $1,671,369,000 after purchasing an additional 667,747 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Walmart by 2.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,904,858 shares of the retailer’s stock valued at $1,623,951,000 after purchasing an additional 303,726 shares during the last quarter. Legal & General Group Plc grew its position in Walmart by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 10,817,611 shares of the retailer’s stock valued at $1,315,206,000 after purchasing an additional 171,950 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Walmart by 1.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 6,072,542 shares of the retailer’s stock valued at $738,300,000 after purchasing an additional 66,557 shares during the last quarter. 31.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Alice L. Walton sold 2,124,627 shares of Walmart stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $148.05, for a total transaction of $314,551,027.35. Following the sale, the insider now owns 278,647,135 shares in the company, valued at $41,253,708,336.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $141.18, for a total transaction of $1,370,575.44. Following the sale, the chief executive officer now owns 1,478,337 shares in the company, valued at $208,711,617.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,124,627 shares of Walmart stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $148.05, for a total transaction of $314,551,027.35. Following the sale, the insider now owns 278,647,135 shares in the company, valued at approximately $41,253,708,336.75. The disclosure for this sale can be found here. Insiders have sold a total of 8,831,902 shares of company stock worth $1,312,822,421 over the last quarter. Insiders own 47.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James increased their price objective on shares of Walmart from $150.00 to $160.00 in a research report on Wednesday, November 16th. Cowen increased their price objective on shares of Walmart from $165.00 to $175.00 in a research report on Wednesday, November 16th. Atlantic Securities increased their price objective on shares of Walmart from $150.00 to $165.00 in a research report on Thursday, December 1st. DA Davidson increased their price objective on shares of Walmart from $163.00 to $173.00 and gave the company a “buy” rating in a research report on Wednesday, November 16th. Finally, Morgan Stanley dropped their price target on shares of Walmart from $164.00 to $161.00 and set an “overweight” rating on the stock in a report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $160.42.

Walmart Price Performance

NYSE WMT opened at $143.02 on Wednesday. Walmart Inc. has a 12 month low of $117.27 and a 12 month high of $160.77. The stock has a market cap of $385.70 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 4.27 and a beta of 0.54. The company’s 50 day moving average is $146.42 and its two-hundred day moving average is $138.27. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, November 15th. The retailer reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.18. Walmart had a net margin of 1.49% and a return on equity of 19.54%. The company had revenue of $152.80 billion for the quarter, compared to analysts’ expectations of $146.80 billion. During the same quarter last year, the business earned $1.45 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 6.08 earnings per share for the current year.

Walmart announced that its board has initiated a stock repurchase plan on Tuesday, November 15th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the retailer to buy up to 5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Walmart Company Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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