Anomaly Capital Management LP Lowers Holdings in Walmart Inc. (NYSE:WMT)

Anomaly Capital Management LP decreased its holdings in Walmart Inc. (NYSE:WMT) by 34.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,382,065 shares of the retailer’s stock after selling 718,844 shares during the period. Walmart accounts for about 3.6% of Anomaly Capital Management LP’s portfolio, making the stock its 11th biggest holding. Anomaly Capital Management LP’s holdings in Walmart were worth $93,580,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc grew its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $79.06 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The company has a market capitalization of $635.92 billion, a PE ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a 50-day simple moving average of $73.44 and a two-hundred day simple moving average of $66.87.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold a total of 12,369,039 shares of company stock worth $959,826,083 in the last ninety days. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Roth Mkm boosted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. Oppenheimer increased their price target on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Evercore ISI boosted their price objective on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart 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.