Ironwood Financial llc Has $731,000 Holdings in Walmart Inc. (NYSE:WMT)

Ironwood Financial llc lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,049 shares of the retailer’s stock after selling 458 shares during the quarter. Ironwood Financial llc’s holdings in Walmart were worth $731,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. AHL Investment Management Inc. increased its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the period. Liberty Wealth Management LLC acquired a new position in shares of Walmart in the first quarter worth $270,000. Commerce Bank raised its holdings in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,267,901 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT stock traded down $0.07 during mid-day trading on Thursday, reaching $81.15. The stock had a trading volume of 725,021 shares, compared to its average volume of 17,114,766. Walmart Inc. has a one year low of $49.85 and a one year high of $81.82. The firm has a market cap of $652.30 billion, a PE ratio of 42.23, a P/E/G ratio of 4.02 and a beta of 0.51. The firm’s 50 day simple moving average is $77.37 and its 200 day simple moving average is $69.31. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMT. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 target price on shares of Walmart in a research note on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Stifel Nicolaus lifted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $82.96.

Walmart Company 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.