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

Dynamic Technology Lab Private Ltd decreased its stake in Walmart Inc. (NYSE:WMT) by 33.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,513 shares of the retailer’s stock after selling 12,317 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Walmart were worth $1,979,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased 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 acquiring an additional 15,290,936 shares during the last quarter. International Assets Investment Management LLC boosted its position 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 purchasing an additional 6,885,106 shares during the period. Boston Partners increased its stake in shares of Walmart by 202.5% in the first quarter. Boston Partners now owns 9,431,662 shares of the retailer’s stock worth $567,499,000 after purchasing an additional 6,314,185 shares in the last quarter. Swedbank AB bought a new stake in shares of Walmart in the first quarter valued at approximately $320,246,000. Finally, Raymond James & Associates lifted its stake in shares of Walmart by 16.0% during 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 in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Morgan Stanley boosted their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. KeyCorp boosted their price objective on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus upped their price target on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Down 1.1 %

Shares of WMT stock opened at $89.45 on Tuesday. The business has a 50-day moving average of $82.29 and a 200 day moving average of $74.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $90.95. The stock has a market capitalization of $719.02 billion, a PE ratio of 36.71, a P/E/G ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.47 earnings per share 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.