Walmart Inc. (NYSE:WMT) Stock Position Trimmed by Entropy Technologies LP

Entropy Technologies LP cut its position in Walmart Inc. (NYSE:WMT) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,965 shares of the retailer’s stock after selling 9,119 shares during the quarter. Walmart comprises 0.8% of Entropy Technologies LP’s holdings, making the stock its 11th biggest position. Entropy Technologies LP’s holdings in Walmart were worth $7,265,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMT. WFA Asset Management Corp lifted its stake in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after acquiring an additional 168,346 shares during the period. Empowered Funds LLC lifted its stake in shares of Walmart by 307.1% in the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock worth $9,645,000 after acquiring an additional 120,919 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Walmart by 149.8% in the 1st quarter. Wealthspire Advisors LLC now owns 73,785 shares of the retailer’s stock worth $4,440,000 after acquiring an additional 44,244 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Walmart in the 1st quarter worth approximately $1,497,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. Bank of America boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Morgan Stanley boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Barclays boosted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $83.92.

Walmart Price Performance

NYSE:WMT opened at $84.21 on Tuesday. Walmart Inc. has a one year low of $49.85 and a one year high of $85.54. The company has a fifty day moving average price of $80.53 and a 200 day moving average price of $72.10. 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 cap of $676.90 billion, a P/E ratio of 43.86, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. 45.58% of the stock is currently owned by insiders.

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.