Independent Family Office LLC Sells 3,900 Shares of Walmart Inc. (NYSE:WMT)

Independent Family Office LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 55.6% during the third quarter, HoldingsChannel.com reports. The fund owned 3,120 shares of the retailer’s stock after selling 3,900 shares during the quarter. Independent Family Office LLC’s holdings in Walmart were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. increased 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 buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in Walmart in the third quarter worth $33,000. TruNorth Capital Management LLC increased its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. purchased a new stake in Walmart in the second quarter worth $29,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. The Goldman Sachs Group lifted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lifted their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. KeyCorp lifted their price target on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, UBS Group lifted their price target on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Stock Up 0.5 %

WMT stock traded up $0.50 during midday trading on Tuesday, hitting $93.14. The company’s stock had a trading volume of 1,734,960 shares, compared to its average volume of 16,814,594. The company has a market cap of $748.68 billion, a PE ratio of 38.01, a P/E/G ratio of 4.39 and a beta of 0.54. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $93.15. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average is $83.35 and its 200-day moving average is $75.04.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 9,673,023 shares of company stock valued at $753,365,984 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

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.