SPX Gestao de Recursos Ltda Buys into Walmart Inc.
SPX Gestao de Recursos Ltda recently acquired a new stake in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission.
The institutional investor bought 13,205 shares of the retailer's stock, valued at approximately $1,496,000.
Several other hedge funds have also recently added to or reduced their stakes in Walmart. State Street Corp boosted its stake by 1.2% during the third quarter and now owns 184,805,978 shares worth around $19,046,104,000.
Walmart reported $0.81 earnings per share (EPS) for the latest quarter, topping analysts' consensus estimates of $0.74. The company's revenue was up 5.9% year-over-year, with a net margin of 3.00% and a return on equity of 21.83%.
Analysts expect Walmart to post $2.87 earnings per share for the current fiscal year.