Walmart Inc. (NYSE:WMT) Shares Sold by Asset Management Group Inc.

Asset Management Group Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,993 shares of the retailer’s stock after selling 1,095 shares during the quarter. Asset Management Group Inc.’s holdings in Walmart were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP bought a new position in Walmart during the 3rd quarter valued at $33,000. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter valued at $25,000. Finally, TruNorth Capital Management LLC raised its stake in shares of 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 buying an additional 249 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Evercore ISI raised their target price on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday. Guggenheim increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Melius Research began coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.49.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $88.32 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $88.64. The company’s fifty day moving average is $81.92 and its 200-day moving average is $73.54. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market cap of $709.94 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.