Confluence Wealth Services Inc. Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Confluence Wealth Services Inc. trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,354 shares of the retailer’s stock after selling 4,115 shares during the period. Confluence Wealth Services Inc.’s holdings in Walmart were worth $5,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. bought a new position in Walmart in the second quarter worth approximately $29,000. FSA Wealth Management LLC boosted its stake in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. grew its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after acquiring an additional 344 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.3 %

Shares of WMT stock opened at $82.19 on Friday. The company has a market cap of $660.66 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The stock’s 50 day simple moving average is $79.80 and its two-hundred day simple moving average is $71.17. 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 released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. 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 report on Wednesday, September 4th. UBS Group boosted their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Roth Mkm increased their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group lifted their price target on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Barclays increased their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.89.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 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. 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 can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,334,337 shares of company stock worth $958,577,287. 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.