Lifeworks Advisors LLC Sells 2,072 Shares of Walmart Inc. (NYSE:WMT)

Lifeworks Advisors LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 8.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,871 shares of the retailer’s stock after selling 2,072 shares during the quarter. Lifeworks Advisors LLC’s holdings in Walmart were worth $1,766,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Voisard Asset Management Group Inc. increased its holdings in shares of 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 stake in shares of Walmart during the 3rd quarter valued at about $33,000. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $29,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock traded up $0.08 during midday trading on Thursday, reaching $85.58. 2,897,717 shares of the stock traded hands, compared to its average volume of 16,648,570. The stock’s fifty day moving average is $80.99 and its 200-day moving average is $72.53. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.79. The stock has a market cap of $687.91 billion, a P/E ratio of 44.31, a PEG ratio of 4.25 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS 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 period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WMT shares. Oppenheimer lifted their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. DA Davidson lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group boosted their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $84.84.

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.