Quilter Plc Sells 814 Shares of Walmart Inc. (NYSE:WMT)

Quilter Plc cut its position in Walmart Inc. (NYSE:WMT) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,598 shares of the retailer’s stock after selling 814 shares during the period. Quilter Plc’s holdings in Walmart were worth $2,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter valued at approximately $25,000. Northwest Capital Management Inc raised its holdings in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the second quarter valued at about $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter worth about $30,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the transaction, the insider now directly owns 610,843,318 shares in the company, valued at approximately $48,537,610,048.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Jim C. Walton sold 934,000 shares of Walmart stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total transaction of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares of the company’s stock, valued at $48,537,610,048.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,203,360 shares of company stock valued at $788,678,803. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WMT shares. HSBC lifted their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Roth Mkm upped their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Guggenheim lifted their price objective on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, TD Cowen increased their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two research 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 presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Price Performance

Shares of NYSE WMT opened at $80.60 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $80.68. The stock has a market cap of $647.88 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The stock has a fifty day moving average of $72.51 and a 200-day moving average of $66.18.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.