Harvest Portfolios Group Inc. Decreases Stake in Walmart Inc. (NYSE:WMT)

Harvest Portfolios Group Inc. cut its position in Walmart Inc. (NYSE:WMT) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 254,350 shares of the retailer’s stock after selling 28,018 shares during the period. Harvest Portfolios Group Inc.’s holdings in Walmart were worth $20,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Radnor Capital Management LLC purchased a new position in Walmart in the third quarter valued at $6,005,000. Callahan Advisors LLC boosted its position in shares of Walmart by 1.0% during the 3rd quarter. Callahan Advisors LLC now owns 207,234 shares of the retailer’s stock worth $16,734,000 after acquiring an additional 2,100 shares in the last quarter. Leslie Global Wealth LLC purchased a new position in shares of Walmart in the 3rd quarter valued at about $209,000. One Plus One Wealth Management LLC purchased a new position in shares of Walmart in the 3rd quarter valued at about $328,000. Finally, Catalina Capital Group LLC raised its position in shares of Walmart by 14.6% during the 3rd quarter. Catalina Capital Group LLC now owns 19,106 shares of the retailer’s stock worth $1,543,000 after acquiring an additional 2,441 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 1.6 %

WMT stock opened at $85.00 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $80.08 and its 200 day moving average price is $71.58. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.00. The company has a market cap of $683.25 billion, a P/E ratio of 43.51, a P/E/G ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Citigroup increased their target price on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Robert W. Baird raised their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Roth Mkm boosted 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. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $83.89.

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.