Walmart Inc. (NYSE:WMT) Shares Sold by Clearview Wealth Advisors LLC

Clearview Wealth Advisors LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 36.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,070 shares of the retailer’s stock after selling 5,664 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Walmart were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossmore Private Capital boosted its stake in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after acquiring an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares during the period. Landmark Financial Advisors LLC grew its holdings in shares of Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after purchasing an additional 70 shares during the last quarter. MinichMacGregor Wealth Management LLC grew its holdings in shares of Walmart by 4.0% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after purchasing an additional 79 shares during the last quarter. Finally, Lee Financial Co raised its position in shares of Walmart by 2.1% during the 4th quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after purchasing an additional 82 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 1.1 %

Shares of Walmart stock traded up $0.81 on Friday, reaching $77.23. 23,229,975 shares of the company were exchanged, compared to its average volume of 17,739,604. 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 Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $77.47. The firm has a market capitalization of $621.20 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.50. The stock has a fifty day moving average price of $70.55 and a 200-day moving average price of $64.73.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the transaction, the insider now directly owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $65.48, for a total transaction of $1,674,847.44. Following the completion of the sale, the executive vice president now directly owns 415,743 shares in the company, valued at $27,222,851.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the transaction, the insider now owns 640,532,611 shares in the company, valued at approximately $42,345,610,913.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,332,089 shares of company stock worth $422,145,654. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Stifel Nicolaus raised their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.64.

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.