Mondrian Investment Partners LTD Has $94.15 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Mondrian Investment Partners LTD decreased its position in Walmart Inc. (NYSE:WMT) by 31.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,371,580 shares of the retailer’s stock after selling 618,397 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Walmart were worth $94,145,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc lifted its position in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter worth about $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMT. Evercore ISI upped their target price on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Royal Bank of Canada increased their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America increased their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, DA Davidson upped their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

Insider Buying and Selling at Walmart

In related news, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now directly owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 934,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the transaction, the insider now directly owns 610,843,318 shares in the company, valued at $48,537,610,048.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock valued at $788,678,803 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $78.62 on Wednesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.02. The company has a market cap of $631.97 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The business’s 50 day moving average price is $72.90 and its two-hundred day moving average price is $66.48. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The firm 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. On average, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

About Walmart

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.