Old Port Advisors Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Old Port Advisors cut its holdings in Walmart Inc. (NYSE:WMT) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 24,453 shares of the retailer’s stock after selling 438 shares during the quarter. Old Port Advisors’ holdings in Walmart were worth $1,975,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Investment Advisory Group LLC lifted its holdings in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after buying an additional 137 shares in the last quarter. Inspire Advisors LLC grew its holdings in Walmart by 2.1% during the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after buying an additional 137 shares during the last quarter. Trust Co of the South increased its position in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares in the last quarter. Finally, LVZ Inc. raised its holdings in shares of Walmart by 1.9% in the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after acquiring an additional 143 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.3 %

Shares of NYSE WMT opened at $82.75 on Tuesday. The stock has a fifty day moving average price of $79.27 and a 200 day moving average price of $70.63. The company has a market cap of $665.17 billion, a P/E ratio of 43.02, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

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

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Evercore ISI boosted their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Finally, Roth Mkm increased their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $83.83.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This 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 can be accessed through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 over the last 90 days. Company insiders own 45.58% of the company’s stock.

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.