Walmart Inc. (NYSE:WMT) Shares Sold by Stonebrook Private Inc.

Stonebrook Private Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,769 shares of the retailer’s stock after selling 576 shares during the period. Walmart comprises 1.6% of Stonebrook Private Inc.’s portfolio, making the stock its 17th largest position. Stonebrook Private Inc.’s holdings in Walmart were worth $5,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth about $25,000. Finally, TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the sale, the executive vice president now directly owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Robert W. Baird boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday. Barclays raised their price target on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Performance

WMT stock opened at $90.44 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.91. The firm has a 50 day moving average of $82.12 and a two-hundred day moving average of $73.75. The company has a market capitalization of $726.94 billion, a price-to-earnings ratio of 37.11, a P/E/G ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.