KCM Investment Advisors LLC Sells 6,540 Shares of Walmart Inc. (NYSE:WMT)

KCM Investment Advisors LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 587,264 shares of the retailer’s stock after selling 6,540 shares during the period. Walmart comprises 1.6% of KCM Investment Advisors LLC’s portfolio, making the stock its 12th biggest holding. KCM Investment Advisors LLC’s holdings in Walmart were worth $47,422,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC grew its position 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 during the last quarter. Finally, Kozak & Associates Inc. increased 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 purchasing an additional 344 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. Jefferies Financial Group increased their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Morgan Stanley raised their price objective on shares of Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays boosted their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $84.84.

Walmart Stock Down 0.1 %

WMT stock traded down $0.08 during trading hours on Friday, reaching $84.39. 2,166,781 shares of the stock were exchanged, compared to its average volume of 16,643,197. The firm’s 50-day moving average is $81.14 and its 200-day moving average is $72.62. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The company has a market cap of $678.35 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 4.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced 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 for 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%. Walmart’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 EPS. On average, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred 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 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 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. 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.