ZWJ Investment Counsel Inc. Sells 2,375 Shares of Walmart Inc. (NYSE:WMT)

ZWJ Investment Counsel Inc. lowered its position in Walmart Inc. (NYSE:WMT) by 8.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,050 shares of the retailer’s stock after selling 2,375 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Walmart were worth $2,184,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its position in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in 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 last quarter. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC raised its position in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction 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 transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,267,901 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on WMT shares. Telsey Advisory Group upped their target price on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Jefferies Financial Group upped their target price on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Oppenheimer upped their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday. Royal Bank of Canada upped their target price on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus target price of $82.96.

Walmart Stock Down 0.5 %

Walmart stock opened at $81.22 on Thursday. The stock has a market cap of $652.87 billion, a P/E ratio of 42.23, a P/E/G ratio of 4.02 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.82. The company’s 50-day moving average price is $77.37 and its two-hundred day moving average price is $69.31.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, analysts expect 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.