Walmart Inc. (NYSE:WMT) Position Cut by Segment Wealth Management LLC

Segment Wealth Management LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 1.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 259,019 shares of the retailer’s stock after selling 2,735 shares during the quarter. Walmart comprises 1.4% of Segment Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Segment Wealth Management LLC’s holdings in Walmart were worth $20,916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BLB&B Advisors LLC grew its stake in Walmart by 7.7% during the 3rd quarter. BLB&B Advisors LLC now owns 12,873 shares of the retailer’s stock worth $1,039,000 after buying an additional 919 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Walmart by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 723,216 shares of the retailer’s stock valued at $58,400,000 after purchasing an additional 31,163 shares during the last quarter. Tempus Wealth Planning LLC grew its stake in shares of Walmart by 1.0% in the 3rd quarter. Tempus Wealth Planning LLC now owns 24,061 shares of the retailer’s stock valued at $1,943,000 after purchasing an additional 233 shares during the last quarter. FSC Wealth Advisors LLC grew its stake in shares of Walmart by 45.8% in the 3rd quarter. FSC Wealth Advisors LLC now owns 875 shares of the retailer’s stock valued at $71,000 after purchasing an additional 275 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. grew its stake in shares of Walmart by 23.4% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 88,310 shares of the retailer’s stock valued at $7,131,000 after purchasing an additional 16,728 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on WMT shares. Jefferies Financial Group lifted their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein started coverage on Walmart in a research note on Tuesday. They issued an “outperform” rating and a $95.00 target price on the stock. Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Robert W. Baird lifted their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Stock Performance

NYSE WMT opened at $82.02 on Wednesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $82.22. The stock has a market cap of $659.73 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The business has a fifty day moving average of $78.42 and a 200-day moving average of $69.99. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,267,901 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Company 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.