Valicenti Advisory Services Inc. Has $11.45 Million Stake in Walmart Inc. (NYSE:WMT)

Valicenti Advisory Services Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 6.1% in the third quarter, HoldingsChannel.com reports. The fund owned 141,732 shares of the retailer’s stock after selling 9,232 shares during the period. Walmart accounts for 2.9% of Valicenti Advisory Services Inc.’s holdings, making the stock its 10th biggest position. Valicenti Advisory Services Inc.’s holdings in Walmart were worth $11,445,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after buying an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after buying an additional 8,225,552 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after buying an additional 8,144,393 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Roth Mkm lifted their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird lifted their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Finally, DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $83.51.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. 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 at this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. 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 at this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,295,088 shares of company stock worth $955,284,831 over the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.3 %

Shares of WMT opened at $83.05 on Friday. The company’s fifty day moving average is $78.71 and its 200 day moving average is $70.08. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The stock has a market capitalization of $667.58 billion, a PE ratio of 43.18, a P/E/G ratio of 4.11 and a beta of 0.51. 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 (NYSE:WMT) last posted its quarterly earnings data 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 net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.