Lindbrook Capital LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

Lindbrook Capital LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,981 shares of the retailer’s stock after selling 349 shares during the quarter. Lindbrook Capital LLC’s holdings in Walmart were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Legal & General Group Plc lifted its stake in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Walmart by 3.0% during the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock worth $1,353,881,000 after purchasing an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Walmart by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent analyst reports. Guggenheim upped their target price on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Roth Mkm upped their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One research 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 MarketBeat.com, Walmart has an average rating of “Buy” and a consensus target price of $83.92.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’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 completion of the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $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 sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $84.87 on Friday. The stock’s 50-day simple moving average is $80.53 and its 200-day simple moving average is $71.92. The firm has a market capitalization of $682.21 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. 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 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. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.44 EPS 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.