Hendershot Investments Inc. Sells 1,250 Shares of Walmart Inc. (NYSE:WMT)

Hendershot Investments Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT) by 9.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,073 shares of the retailer’s stock after selling 1,250 shares during the quarter. Hendershot Investments Inc.’s holdings in Walmart were worth $817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc raised its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its holdings 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 acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

WMT opened at $76.96 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $77.81. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $71.27 and its 200-day simple moving average is $65.24. The company has a market capitalization of $618.62 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.61 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Telsey Advisory Group upped their price objective on Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Tigress Financial upped their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Robert W. Baird upped their price objective on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus upped their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Finally, Barclays increased their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 40,974 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $66.79, for a total value of $2,736,653.46. Following the completion of the sale, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 40,974 shares of Walmart stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.79, for a total value of $2,736,653.46. Following the transaction, the insider now owns 635,512,658 shares of the company’s stock, valued at $42,445,890,427.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,144,237 shares of company stock valued at $730,497,016. 45.58% of the stock is currently owned by corporate 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.