Frazier Financial Advisors LLC Sells 198 Shares of Walmart Inc. (NYSE:WMT)

Frazier Financial Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,331 shares of the retailer’s stock after selling 198 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Walmart were worth $188,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter worth about $25,000. TruNorth Capital Management LLC increased its stake 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 acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter worth about $29,000. FSA Wealth Management LLC increased its stake 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 acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. increased its stake 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 last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. UBS Group upped their price objective on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 price objective on shares of Walmart in a report on Wednesday. Royal Bank of Canada upped their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company upped their price objective on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $85.18.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.3 %

WMT stock opened at $84.25 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. 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 $677.22 billion, a PE ratio of 43.80, a price-to-earnings-growth ratio of 4.21 and a beta of 0.51. The business has a 50 day moving average of $81.29 and a 200 day moving average of $72.88.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal 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.