Forte Capital LLC ADV Sells 1,972 Shares of Walmart Inc. (NYSE:WMT)

Forte Capital LLC ADV trimmed its position in Walmart Inc. (NYSE:WMT) by 21.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,380 shares of the retailer’s stock after selling 1,972 shares during the period. Forte Capital LLC ADV’s holdings in Walmart were worth $596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Investment Advisory Group LLC increased its stake in Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares during the last quarter. Professional Financial Advisors LLC raised its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares in the last quarter. Inspire Advisors LLC boosted its position in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Walmart by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after purchasing an additional 137 shares in the last quarter. Finally, Trust Co of the South increased its position in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction 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 approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

WMT stock opened at $83.84 on Friday. The company’s 50-day moving average price is $80.22 and its two-hundred day moving average price is $71.67. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market cap of $673.93 billion, a P/E ratio of 43.67, a P/E/G ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate 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, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Guggenheim upped their price objective on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus increased their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $83.92.

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.