Powers Advisory Group LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Powers Advisory Group LLC lessened its position in Walmart Inc. (NYSE:WMT) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,354 shares of the retailer’s stock after selling 186 shares during the quarter. Walmart makes up 1.4% of Powers Advisory Group LLC’s investment portfolio, making the stock its 15th largest holding. Powers Advisory Group LLC’s holdings in Walmart were worth $2,774,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Resonant Capital Advisors LLC lifted its holdings in Walmart by 18.8% during the 3rd quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock worth $955,000 after buying an additional 1,867 shares in the last quarter. Veracity Capital LLC increased its position in shares of Walmart by 2.5% during the third quarter. Veracity Capital LLC now owns 14,240 shares of the retailer’s stock worth $1,150,000 after acquiring an additional 349 shares during the period. Wealth Alliance Advisory Group LLC raised its stake in shares of Walmart by 2.0% in the third quarter. Wealth Alliance Advisory Group LLC now owns 39,281 shares of the retailer’s stock valued at $3,172,000 after acquiring an additional 765 shares in the last quarter. Waypoint Capital Advisors LLC boosted its holdings in Walmart by 12.7% in the third quarter. Waypoint Capital Advisors LLC now owns 3,713 shares of the retailer’s stock valued at $300,000 after purchasing an additional 418 shares during the period. Finally, Cadent Capital Advisors LLC purchased a new stake in Walmart during the 3rd quarter worth about $210,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Walmart stock opened at $81.31 on Friday. The business has a 50 day simple moving average of $77.90 and a 200-day simple moving average of $69.61. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 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 company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business earned $0.61 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted 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. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Morgan Stanley raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. DA Davidson boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird increased their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One 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 stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $82.96.

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.