Walmart Inc. (NYSE:WMT) Shares Sold by Managed Asset Portfolios LLC

Managed Asset Portfolios LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,874 shares of the retailer’s stock after selling 1,399 shares during the period. Walmart makes up about 3.6% of Managed Asset Portfolios LLC’s holdings, making the stock its 12th biggest position. Managed Asset Portfolios LLC’s holdings in Walmart were worth $25,507,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the second quarter worth $29,000. Finally, FSA Wealth Management LLC grew its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 2.3 %

Shares of Walmart stock opened at $90.44 on Friday. The business has a 50-day moving average price of $82.12 and a 200 day moving average price of $73.84. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91. The firm has a market cap of $726.98 billion, a P/E ratio of 37.12, a P/E/G ratio of 4.30 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

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

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. KeyCorp boosted their target price on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday. Guggenheim lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley upped their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.