Echo45 Advisors LLC Lowers Position in Walmart Inc. (NYSE:WMT)

Echo45 Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,946 shares of the retailer’s stock after selling 181 shares during the period. Echo45 Advisors LLC’s holdings in Walmart were worth $399,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter valued at $29,000. FSA Wealth Management LLC lifted its stake in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Stifel Nicolaus increased their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Bank of America raised their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $83.83.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $81.43 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $79.54 and its 200-day simple moving average is $70.86. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The firm has a market cap of $654.55 billion, a P/E ratio of 42.41, a PEG ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. 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. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock worth $958,577,287 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.