Walmart Inc. (NYSE:WMT) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its position in Walmart Inc. (NYSE:WMT) by 15.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,686 shares of the retailer’s stock after selling 17,455 shares during the quarter. TD Private Client Wealth LLC’s holdings in Walmart were worth $7,484,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the third quarter worth about $2,072,000. Fisher Asset Management LLC lifted its position in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares during the period. Oxbow Advisors LLC grew its stake in shares of Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after purchasing an additional 105,430 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Melius Research assumed coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Citigroup increased their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $92.27.

Walmart Stock Performance

WMT stock opened at $94.57 on Wednesday. The stock’s 50 day simple moving average is $85.00 and its 200 day simple moving average is $76.28. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $96.18. The firm has a market cap of $759.72 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last issued its earnings results 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 company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,243,091 shares of company stock valued at $257,591,179 over the last quarter. Insiders own 45.58% of the company’s stock.

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.