Fidelis Capital Partners LLC Sells 2,443 Shares of Walmart Inc. (NYSE:WMT)

Fidelis Capital Partners LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 8.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,615 shares of the retailer’s stock after selling 2,443 shares during the period. Fidelis Capital Partners LLC’s holdings in Walmart were worth $1,781,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after acquiring an additional 18,865,484 shares during the last quarter. Swiss National Bank grew its stake in Walmart by 187.4% during the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after acquiring an additional 8,225,552 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the sale, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders have sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on WMT. Tigress Financial increased their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. UBS Group raised their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Guggenheim lifted their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Up 1.3 %

Shares of WMT opened at $79.06 on Friday. The firm has a fifty day moving average price of $73.44 and a 200-day moving average price of $66.83. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

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.