Smith Chas P & Associates PA Cpas Sells 43,232 Shares of Walmart Inc. (NYSE:WMT)

Smith Chas P & Associates PA Cpas decreased its position in Walmart Inc. (NYSE:WMT) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,045,530 shares of the retailer’s stock after selling 43,232 shares during the quarter. Walmart accounts for approximately 4.8% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 4th largest position. Smith Chas P & Associates PA Cpas’ holdings in Walmart were worth $84,427,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Able Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Hoese & Co LLP acquired a new stake in Walmart during the third quarter worth about $33,000. EntryPoint Capital LLC bought a new position in Walmart in the first quarter worth about $25,000. TruNorth Capital Management LLC boosted its stake in 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 acquiring an additional 249 shares during the period. Finally, Cultivar Capital Inc. bought a new position in shares of Walmart during the second quarter valued at approximately $29,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,335,272 shares of company stock valued at $958,101,276 in the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WMT shares. The Goldman Sachs Group boosted their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their price target on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Evercore ISI lifted their price objective on shares of Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Robert W. Baird raised their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $82.82.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.10 on Monday. The stock has a market capitalization of $644.29 billion, a P/E ratio of 34.23, a P/E/G ratio of 3.99 and a beta of 0.51. The business has a 50-day moving average of $76.55 and a two-hundred day moving average of $68.93. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.