William Allan Corp Has $6.70 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

William Allan Corp lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the 3rd quarter, Holdings Channel reports. The firm owned 82,944 shares of the retailer’s stock after selling 3,176 shares during the quarter. Walmart comprises approximately 4.0% of William Allan Corp’s investment portfolio, making the stock its 5th largest position. William Allan Corp’s holdings in Walmart were worth $6,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jennison Associates LLC raised its holdings in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC boosted its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares during the period. Raymond James & Associates raised its holdings in shares of Walmart by 16.0% in the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares during the period. Finally, Fisher Asset Management LLC raised its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.6 %

NYSE:WMT opened at $91.88 on Friday. The firm has a market capitalization of $738.55 billion, a P/E ratio of 37.71, a P/E/G ratio of 4.36 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.25. The stock’s fifty day simple moving average is $83.08 and its 200-day simple moving average is $74.60. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Telsey Advisory Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley lifted their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.