iSAM Funds UK Ltd Lowers Stake in Walmart Inc. (NYSE:WMT)

iSAM Funds UK Ltd lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 58.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,326 shares of the retailer’s stock after selling 9,004 shares during the period. iSAM Funds UK Ltd’s holdings in Walmart were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WMT. Hendershot Investments Inc. lifted its holdings in shares of Walmart by 19.9% during the 3rd quarter. Hendershot Investments Inc. now owns 14,473 shares of the retailer’s stock valued at $1,169,000 after purchasing an additional 2,400 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Walmart by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 173,231 shares of the retailer’s stock valued at $13,988,000 after purchasing an additional 9,088 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in shares of Walmart by 8.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 50,604 shares of the retailer’s stock valued at $4,086,000 after purchasing an additional 4,064 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Walmart by 25.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 409,415 shares of the retailer’s stock valued at $33,060,000 after purchasing an additional 83,564 shares during the last quarter. Finally, Voya Financial Advisors Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.4 %

Shares of Walmart stock opened at $95.70 on Friday. The firm has a market capitalization of $769.26 billion, a PE ratio of 39.27, a P/E/G ratio of 4.54 and a beta of 0.54. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $96.18. The firm’s 50-day moving average price is $84.74 and its 200 day moving average price is $76.00. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,300,460 shares of company stock valued at $570,820,065. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on WMT shares. Evercore ISI increased their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Guggenheim upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. UBS Group upped their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus upped their target price on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

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.