Walmart Inc. (NYSE:WMT) Shares Sold by Mainsail Financial Group LLC

Mainsail Financial Group LLC cut its stake in Walmart Inc. (NYSE:WMT) by 19.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,702 shares of the retailer’s stock after selling 2,884 shares during the quarter. Mainsail Financial Group LLC’s holdings in Walmart were worth $941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMT. Strong Tower Advisory Services increased its position in shares of Walmart by 237.9% during the 1st quarter. Strong Tower Advisory Services now owns 19,297 shares of the retailer’s stock worth $1,158,000 after purchasing an additional 13,586 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its holdings in Walmart by 228.0% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 5,648 shares of the retailer’s stock valued at $340,000 after acquiring an additional 3,926 shares during the period. Charles Schwab Trust Co boosted its holdings in Walmart by 160.5% during the 1st quarter. Charles Schwab Trust Co now owns 21,537 shares of the retailer’s stock valued at $1,296,000 after acquiring an additional 13,269 shares during the period. Wealth Management Partners LLC boosted its holdings in Walmart by 213.3% during the 1st quarter. Wealth Management Partners LLC now owns 13,976 shares of the retailer’s stock valued at $841,000 after acquiring an additional 9,515 shares during the period. Finally, Keystone Wealth Services LLC boosted its holdings in Walmart by 186.3% during the 1st quarter. Keystone Wealth Services LLC now owns 6,964 shares of the retailer’s stock valued at $419,000 after acquiring an additional 4,532 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WMT shares. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. TD Cowen raised their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird upped 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. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $83.51.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 1.5 %

Shares of WMT stock opened at $82.02 on Wednesday. The business’s 50 day moving average is $78.42 and its two-hundred day moving average is $69.99. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $82.22. The company has a market capitalization of $659.73 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 4.07 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 announced its 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts forecast 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.