EverSource Wealth Advisors LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

EverSource Wealth Advisors LLC cut its stake in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,807 shares of the retailer’s stock after selling 2,538 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Walmart were worth $5,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at about $26,000. Voisard Asset Management Group Inc. boosted its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new position in Walmart during the third quarter worth $33,000. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter worth $25,000. Finally, TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird upped their price target on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group lifted 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. Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group lifted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $88.08.

Walmart Stock Down 0.5 %

Shares of WMT stock traded down $0.39 on Wednesday, hitting $86.21. 3,726,608 shares of the stock were exchanged, compared to its average volume of 16,779,283. The business has a 50-day moving average of $81.58 and a 200 day moving average of $73.34. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $88.29. The firm has a market capitalization of $692.98 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51. 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 released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.