Walmart Inc. (NYSE:WMT) Stock Holdings Decreased by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC lessened its position in Walmart Inc. (NYSE:WMT) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,412 shares of the retailer’s stock after selling 158 shares during the quarter. Wheelhouse Advisory Group LLC’s holdings in Walmart were worth $356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Old North State Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter worth about $246,000. Northeast Investment Management increased its holdings in shares of Walmart by 1.8% in the 3rd quarter. Northeast Investment Management now owns 346,403 shares of the retailer’s stock valued at $27,972,000 after purchasing an additional 6,111 shares during the period. Roman Butler Fullerton & Co. lifted its position in shares of Walmart by 1.0% in the third quarter. Roman Butler Fullerton & Co. now owns 65,893 shares of the retailer’s stock worth $5,380,000 after purchasing an additional 660 shares in the last quarter. Kanawha Capital Management LLC lifted its position in shares of Walmart by 3.3% in the third quarter. Kanawha Capital Management LLC now owns 48,294 shares of the retailer’s stock worth $3,900,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Forum Financial Management LP boosted its holdings in shares of Walmart by 3.6% during the third quarter. Forum Financial Management LP now owns 72,203 shares of the retailer’s stock worth $5,830,000 after purchasing an additional 2,477 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart 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 transaction of $1,088,850.00. Following the completion of the transaction, 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. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 0.1 %

Shares of WMT opened at $82.24 on Monday. The stock’s 50-day moving average price is $79.80 and its 200 day moving average price is $71.25. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $661.07 billion, a price-to-earnings ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the business posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $83.89.

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.