Menora Mivtachim Holdings LTD. Boosts Stake in Walmart Inc (WMT)

Menora Mivtachim Holdings LTD. raised its stake in Walmart Inc (NYSE:WMT) by 82.6% in the third quarter, Holdings Channel reports. The fund owned 715,210 shares of the retailer’s stock after purchasing an additional 323,510 shares during the quarter. Walmart accounts for approximately 1.8% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 12th largest holding. Menora Mivtachim Holdings LTD.’s holdings in Walmart were worth $67,165,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WMT. Trust Co. of Vermont raised its holdings in Walmart by 4.3% during the 3rd quarter. Trust Co. of Vermont now owns 12,455 shares of the retailer’s stock worth $1,170,000 after purchasing an additional 515 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in Walmart by 3.4% during the 3rd quarter. Sterling Investment Advisors Ltd. now owns 16,567 shares of the retailer’s stock worth $1,556,000 after purchasing an additional 538 shares during the last quarter. Financial Advantage Inc. raised its holdings in Walmart by 0.7% during the 3rd quarter. Financial Advantage Inc. now owns 80,509 shares of the retailer’s stock worth $7,561,000 after purchasing an additional 546 shares during the last quarter. Crossvault Capital Management LLC raised its holdings in Walmart by 2.3% during the 3rd quarter. Crossvault Capital Management LLC now owns 24,790 shares of the retailer’s stock worth $2,328,000 after purchasing an additional 550 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Walmart by 1.7% during the 3rd quarter. Bahl & Gaynor Inc. now owns 34,323 shares of the retailer’s stock worth $3,223,000 after purchasing an additional 559 shares during the last quarter. 29.09% of the stock is owned by hedge funds and other institutional investors.

In related news, insider John R. Furner sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $97.34, for a total value of $389,360.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 275,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $96.49, for a total value of $26,534,750.00. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $651,170,484.20. The disclosure for this sale can be found here. Insiders have sold a total of 11,637,562 shares of company stock worth $1,112,869,996 over the last quarter. Company insiders own 51.11% of the company’s stock.

WMT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Walmart from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $87.00 price objective on shares of Walmart in a research report on Tuesday, August 7th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Walmart in a research report on Thursday, August 9th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of Walmart in a research report on Thursday, August 16th. Finally, Credit Suisse Group set a $85.00 price objective on shares of Walmart and gave the stock a “neutral” rating in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.04.

NYSE WMT opened at $97.65 on Monday. The firm has a market cap of $289.28 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 3.98 and a beta of 0.35. Walmart Inc has a one year low of $81.78 and a one year high of $109.98. The company has a current ratio of 0.81, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 15th. The retailer reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. As a group, sell-side analysts forecast that Walmart Inc will post 4.81 EPS for the current fiscal year.

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About Walmart

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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