Adams Asset Advisors LLC Reduces Position in Walmart Inc (WMT)

Adams Asset Advisors LLC reduced its holdings in Walmart Inc (NYSE:WMT) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,266 shares of the retailer’s stock after selling 1,220 shares during the quarter. Walmart accounts for 1.0% of Adams Asset Advisors LLC’s holdings, making the stock its 11th biggest position. Adams Asset Advisors LLC’s holdings in Walmart were worth $7,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hexavest Inc. increased its position in shares of Walmart by 10.7% in the fourth quarter. Hexavest Inc. now owns 436,395 shares of the retailer’s stock worth $40,650,000 after acquiring an additional 42,155 shares in the last quarter. Cerebellum GP LLC increased its position in shares of Walmart by 51.2% in the fourth quarter. Cerebellum GP LLC now owns 2,807 shares of the retailer’s stock worth $261,000 after acquiring an additional 950 shares in the last quarter. United Capital Management of KS Inc. increased its position in shares of Walmart by 2.5% in the fourth quarter. United Capital Management of KS Inc. now owns 9,068 shares of the retailer’s stock worth $845,000 after acquiring an additional 223 shares in the last quarter. Lynch & Associates IN increased its position in shares of Walmart by 20.5% in the fourth quarter. Lynch & Associates IN now owns 70,700 shares of the retailer’s stock worth $6,586,000 after acquiring an additional 12,005 shares in the last quarter. Finally, Webster Bank N. A. increased its position in shares of Walmart by 77.4% in the fourth quarter. Webster Bank N. A. now owns 57,519 shares of the retailer’s stock worth $5,358,000 after acquiring an additional 25,103 shares in the last quarter. Institutional investors and hedge funds own 29.09% of the company’s stock.

Shares of WMT opened at $94.96 on Friday. Walmart Inc has a 52 week low of $81.78 and a 52 week high of $109.98. The company has a market cap of $276.81 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.79 and a beta of 0.36. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, equities research analysts predict that Walmart Inc will post 4.83 EPS for the current year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, December 20th. Wells Fargo & Co reissued a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research report on Tuesday, November 20th. Morgan Stanley reissued a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research report on Thursday, October 4th. Independent Research reissued a “neutral” rating and issued a $101.00 target price on shares of Walmart in a research report on Tuesday, November 20th. Finally, BMO Capital Markets set a $110.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Sunday, September 23rd. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Walmart has an average rating of “Buy” and a consensus target price of $104.18.

In other Walmart news, major shareholder Alice L. Walton sold 734,950 shares of the business’s stock in a transaction that occurred on Saturday, December 28th. The shares were sold at an average price of $92.48, for a total value of $67,968,176.00. Following the completion of the sale, the insider now directly owns 7,183,580 shares of the company’s stock, valued at $664,337,478.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $92.00, for a total transaction of $46,000.00. Following the completion of the sale, the insider now directly owns 7,183,580 shares of the company’s stock, valued at $660,889,360. The disclosure for this sale can be found here. Insiders sold 11,818,674 shares of company stock valued at $1,122,286,815 over the last three months. Insiders own 51.11% of the company’s stock.

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About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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