Stratos Investment Management LLC Has $8.62 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Stratos Investment Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,799 shares of the retailer’s stock after selling 10,862 shares during the quarter. Stratos Investment Management LLC’s holdings in Walmart were worth $8,624,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC grew 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 valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart in the 2nd quarter valued at approximately $29,000. FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. grew its position in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.5 %

Shares of NYSE WMT opened at $81.32 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The stock has a market cap of $654.10 billion, a P/E ratio of 34.75, a PEG ratio of 4.02 and a beta of 0.51. 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 $77.90 and its 200-day simple moving average is $69.54.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. 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 report on Friday, August 16th. Stifel Nicolaus raised their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Citigroup lifted their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Telsey Advisory Group upped their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. One investment 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. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $82.96.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,267,901 over the last 90 days. 45.58% of the stock is currently 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.