Aigen Investment Management LP Trims Stock Position in Walmart Inc. (NYSE:WMT)

Aigen Investment Management LP cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 29.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,324 shares of the retailer's stock after selling 4,684 shares during the quarter. Aigen Investment Management LP's holdings in Walmart were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Walmart by 0.8% during the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer's stock worth $37,395,120,000 after buying an additional 3,224,154 shares during the period. Northern Trust Corp lifted its position in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Goldman Sachs Group Inc. lifted its position in Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer's stock worth $2,922,770,000 after buying an additional 7,706,201 shares during the period. Nuveen Asset Management LLC lifted its position in Walmart by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer's stock worth $2,696,396,000 after buying an additional 233,040 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Walmart by 2.9% in the 1st quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer's stock worth $2,562,427,000 after purchasing an additional 823,020 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of WMT opened at $103.77 on Monday. The firm has a market cap of $828.13 billion, a price-to-earnings ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The stock has a 50 day moving average of $97.30 and a 200-day moving average of $95.39. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52 week low of $67.14 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer directly owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock worth $14,080,073. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. DA Davidson restated a "buy" rating and issued a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Evercore ISI raised their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $106.67.

Walmart Company 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.

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