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Walmart Inc. (NYSE:WMT) shares purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC has sold its stake in the shares of Walmart Inc. (NYSE:WMT – Free Report) increased 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,821 shares of the retailer, after purchasing a further 16,486 shares during the quarter. Walmart makes up 0.5% of Bridgeway Capital Management LLC’s portfolio, making the stock the 12th largest holding. Bridgeway Capital Management LLC’s holdings in Walmart were worth $22,831,000 at the time of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. William Blair Investment Management LLC increased its position in Walmart by 72.1% in the third quarter. William Blair Investment Management LLC now owns 14,849 shares of the retailer’s stock worth $2,375,000 after purchasing an additional 6,222 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Walmart in the third quarter worth approximately $3,269,000. Truepoint Inc. increased its position in Walmart by 107.7% in the third quarter. Truepoint Inc. now owns 5,237 shares of the retailer’s stock worth $838,000 after purchasing an additional 2,715 shares during the period. Legacy Financial Group Inc. increased its position in Walmart by 6.2% in the third quarter. Legacy Financial Group Inc. now owns 3,079 shares of the retailer’s stock worth $492,000, after purchasing an additional 181 shares during the period. Finally, Aviva PLC increased its position in Walmart by 0.4% in the third quarter. Aviva PLC now owns 579,943 shares of the retailer’s stock worth $92,750,000 after purchasing an additional 2,420 shares during the period. 26.76% of the shares are held by institutional investors.

Wall Street analysts weigh in

WMT has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17. UBS Group raised their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7. Raymond James raised their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17. Telsey Advisory Group raised its price target on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday. Finally, DA Davidson raised their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Check out our latest research report on WMT

Walmart is trading 0.7% lower

Shares of NYSE:WMT opened at $66.29 on Thursday. The company has a market cap of $533.21 billion, a price-to-earnings ratio of 28.37, a price-to-earnings ratio of 3.86 and a beta of 0.52. The stock’s 50-day moving average is $62.18 and its 200-day moving average is $57.99. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $67.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT – Get Free Report) last reported its earnings results on Thursday, May 16. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analyst expectations of $159.57 billion. In the same quarter last year, the company posted earnings per share of $0.49. The company’s revenue increased 6.0% year over year. Equity research analysts predict that Walmart Inc. will post earnings per share of 2.42 for the current year.

Insider activity at Walmart

In related news, major shareholder Alice L. Walton sold 40,974 shares in a transaction dated Wednesday, June 12. The shares sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the sale, the insider now owns 635,512,658 shares in the company, valued at $42,445,890,427.82. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the company’s stock in a transaction dated Wednesday, June 12. The shares were sold at an average price of $66.79, for a total transaction of $2,736,653.46. Following the completion of the transaction, the insider now owns 635,512,658 shares in the company, valued at $42,445,890,427.82. The sale was disclosed in a filing with the SEC, 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 dated Monday, April 1st. The stock sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The explanation of this sale can be found here. In the last 90 days, insiders have sold 13,236,499 company shares worth $866,761,345. Company insiders own 45.58% of the company’s shares.

Walmart Company Profile

(Free report)

Walmart Inc is engaged in the operation of retail, wholesale, other units and e-commerce worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; e-commerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

Read further

Would you like to see which other hedge funds own WMT? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Walmart Inc. (NYSE:WMT – Free Report).

Quarterly Institutional Ownership for Walmart (NYSE:WMT)

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