Pendal Group Ltd Increases Position in Walmart Inc (WMT)

Pendal Group Ltd increased its stake in Walmart Inc (NYSE:WMT) by 10.7% in the 1st quarter, HoldingsChannel reports. The fund owned 208,501 shares of the retailer’s stock after buying an additional 20,101 shares during the quarter. Pendal Group Ltd’s holdings in Walmart were worth $18,550,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wunderlich Capital Managemnt lifted its stake in Walmart by 2.4% in the fourth quarter. Wunderlich Capital Managemnt now owns 20,868 shares of the retailer’s stock worth $2,061,000 after purchasing an additional 496 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in Walmart by 17.3% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,393 shares of the retailer’s stock worth $335,000 after purchasing an additional 500 shares during the last quarter. Covington Capital Management lifted its stake in Walmart by 1.6% in the fourth quarter. Covington Capital Management now owns 31,888 shares of the retailer’s stock worth $3,149,000 after purchasing an additional 500 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Walmart by 8.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 6,467 shares of the retailer’s stock valued at $639,000 after acquiring an additional 505 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its stake in shares of Walmart by 1.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 40,365 shares of the retailer’s stock valued at $3,986,000 after acquiring an additional 539 shares during the last quarter. Institutional investors own 29.77% of the company’s stock.

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Several equities analysts have recently commented on WMT shares. Royal Bank of Canada lowered their price objective on shares of Walmart to $168.00 and set a “market perform” rating for the company in a research note on Thursday, May 10th. Vetr raised shares of Walmart from a “buy” rating to a “strong-buy” rating and set a $110.28 price objective for the company in a research note on Tuesday, February 20th. Goldman Sachs Group reaffirmed a “buy” rating and set a $113.00 price objective on shares of Walmart in a research note on Friday, February 16th. Credit Suisse Group set a $102.00 price objective on shares of Walmart and gave the company a “hold” rating in a research note on Tuesday, May 1st. Finally, Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Friday, May 4th. Nineteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.56.

NYSE:WMT opened at $82.85 on Friday. Walmart Inc has a 52 week low of $73.13 and a 52 week high of $109.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 0.73. The company has a market cap of $246.97 billion, a PE ratio of 18.74, a PEG ratio of 2.89 and a beta of 0.54.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The firm had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. equities analysts predict that Walmart Inc will post 4.86 earnings per share for the current fiscal year.

Walmart Profile

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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