Walmart Inc. (NYSE:WMT) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 471,196 shares of the retailer’s stock after selling 20,903 shares during the period. Walmart accounts for about 1.1% of First Horizon Advisors Inc.’s holdings, making the stock its 21st biggest position. First Horizon Advisors Inc.’s holdings in Walmart were worth $38,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC raised its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in Walmart in the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC raised its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada upped their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group upped their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $87.31.

Walmart Trading Up 3.0 %

Shares of NYSE:WMT opened at $86.60 on Wednesday. The stock has a market capitalization of $696.11 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 4.19 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $88.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a 50 day moving average price of $81.58 and a 200 day moving average price of $73.34.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.