Forsta AP Fonden Has $100.35 Million Position in Walmart Inc. (NYSE:WMT)

Forsta AP Fonden trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,143,100 shares of the retailer's stock after selling 6,000 shares during the period. Walmart comprises 0.8% of Forsta AP Fonden's holdings, making the stock its 21st largest position. Forsta AP Fonden's holdings in Walmart were worth $100,353,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WMT. Bear Mountain Capital Inc. grew its stake in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after buying an additional 167 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter worth about $35,000. Lipe & Dalton lifted its stake in Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after purchasing an additional 200 shares during the last quarter. Nexus Investment Management ULC bought a new position in Walmart during the first quarter worth about $49,000. Finally, Vega Investment Solutions bought a new position in Walmart during the fourth quarter worth about $54,000. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,112 shares of company stock worth $14,080,073. Insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research analyst reports. Evercore ISI upped their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note on Monday, June 9th. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Raymond James Financial dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $106.67.

Walmart Stock Performance

Shares of NYSE:WMT opened at $103.10 on Friday. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The stock has a market capitalization of $822.81 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 4.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The company's 50 day simple moving average is $97.20 and its 200 day simple moving average is $95.29.

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

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