Lifeworks Advisors LLC Has $1.77 Million Holdings in Walmart Inc. (NYSE:WMT)

Lifeworks Advisors LLC cut its stake in Walmart Inc. (NYSE:WMT) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,871 shares of the retailer’s stock after selling 2,072 shares during the period. Lifeworks Advisors LLC’s holdings in Walmart were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its stake in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the last quarter. Dupont Capital Management Corp raised its holdings 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 valued at $16,255,000 after purchasing an additional 168,346 shares during the period. Empowered Funds LLC raised its holdings in shares of Walmart by 307.1% in the 1st quarter. Empowered Funds LLC now owns 160,292 shares of the retailer’s stock valued at $9,645,000 after purchasing an additional 120,919 shares during the period. WNY Asset Management LLC raised its holdings in Walmart by 194.4% in the 1st quarter. WNY Asset Management LLC now owns 22,798 shares of the retailer’s stock valued at $1,372,000 after acquiring an additional 15,053 shares during the period. Finally, WMG Financial Advisors LLC raised its holdings in Walmart by 212.8% in the 1st quarter. WMG Financial Advisors LLC now owns 22,495 shares of the retailer’s stock valued at $1,354,000 after acquiring an additional 15,303 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.1 %

NYSE WMT traded up $0.08 during mid-day trading on Thursday, reaching $85.58. 2,897,717 shares of the stock were exchanged, compared to its average volume of 16,648,570. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79. The stock has a 50 day simple moving average of $80.99 and a 200-day simple moving average of $72.53. The stock has a market cap of $687.91 billion, a P/E ratio of 44.31, a P/E/G ratio of 4.25 and a beta of 0.51. 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 posted 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on WMT shares. DA Davidson increased 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. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Walmart in a report on Wednesday. Sanford C. Bernstein assumed coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price on the stock. Roth Mkm raised 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. Finally, Royal Bank of Canada raised their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $84.84.

Walmart 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.