Schneider Downs Wealth Management Advisors LP Has $657,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Schneider Downs Wealth Management Advisors LP trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,133 shares of the retailer’s stock after selling 196 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Walmart were worth $657,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter valued at $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth about $25,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. acquired a new position in Walmart in the second quarter valued at about $29,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.3 %

Shares of WMT stock opened at $84.25 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.79. 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 fifty day moving average of $81.29 and a 200-day moving average of $72.88. The company has a market capitalization of $677.22 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 4.21 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WMT. Oppenheimer boosted their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. TD Cowen increased their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. KeyCorp upped their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $92.00 price target on shares of Walmart in a research note on Wednesday. One investment 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. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus target price of $85.18.

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.