Burt Wealth Advisors Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Burt Wealth Advisors lessened its holdings in Walmart Inc. (NYSE:WMT) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 8,712 shares of the retailer’s stock after selling 178 shares during the quarter. Burt Wealth Advisors’ holdings in Walmart were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC grew its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter valued at about $29,000. FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. boosted its holdings in Walmart by 216.4% in the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. KeyCorp upped their target price on shares of Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. Wells Fargo & Company lifted their target price on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Bank of America boosted their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird raised their price objective on Walmart from $82.00 to $90.00 and gave the company 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 given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $83.92.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock traded up $1.21 during mid-day trading on Friday, hitting $85.06. 3,319,673 shares of the company’s stock traded hands, compared to its average volume of 16,726,771. 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 one year low of $49.85 and a one year high of $85.54. The firm has a 50 day moving average price of $80.22 and a 200 day moving average price of $71.67. The company has a market cap of $683.73 billion, a PE ratio of 44.20, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business 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 company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

About Walmart

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.