Coldstream Capital Management Inc. Sells 425 Shares of Walmart Inc. (NYSE:WMT)

Coldstream Capital Management Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 138,619 shares of the retailer’s stock after selling 425 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Walmart were worth $9,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its stake in shares of Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the period. Landmark Financial Advisors LLC grew its stake in shares of Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after acquiring an additional 70 shares during the period. MinichMacGregor Wealth Management LLC grew its stake in shares of Walmart by 4.0% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after acquiring an additional 79 shares during the period. Lee Financial Co grew its stake in shares of Walmart by 2.1% in the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after acquiring an additional 82 shares during the period. Finally, Syverson Strege & Co grew its stake in shares of Walmart by 2.6% in the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock worth $532,000 after acquiring an additional 85 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their target price on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Bank of America boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Price Performance

WMT stock opened at $77.65 on Tuesday. Walmart Inc. has a one year low of $49.85 and a one year high of $77.81. The company’s fifty day moving average price is $71.64 and its 200-day moving average price is $65.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market capitalization of $624.17 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51.

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

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now owns 633,518,311 shares of the company’s stock, valued at $42,211,325,061.93. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 1,244,347 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $66.63, for a total transaction of $82,910,840.61. Following the sale, the insider now directly owns 633,518,311 shares in the company, valued at approximately $42,211,325,061.93. The disclosure for this sale can be found here. Insiders have sold a total of 6,510,437 shares of company stock valued at $487,759,176 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.