Dynamic Technology Lab Private Ltd Sells 12,317 Shares of Walmart Inc. (NYSE:WMT)

Dynamic Technology Lab Private Ltd trimmed its position in Walmart Inc. (NYSE:WMT) by 33.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,513 shares of the retailer’s stock after selling 12,317 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Walmart were worth $1,979,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp raised its holdings in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares in the last quarter. Dupont Capital Management Corp grew its position in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter worth about $25,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Walmart by 180.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 93,833 shares of the retailer’s stock worth $5,646,000 after acquiring an additional 60,408 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Walmart by 248.0% in the first quarter. Janus Henderson Group PLC now owns 732,829 shares of the retailer’s stock worth $44,091,000 after acquiring an additional 522,238 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WMT shares. Evercore ISI upped their price objective on shares of Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Oppenheimer increased their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Stock Performance

Shares of WMT stock opened at $89.45 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $82.29 and a two-hundred day simple moving average of $74.14. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.95. The firm has a market capitalization of $719.02 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.