Walmart Inc. (NYSE:WMT) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,686 shares of the retailer’s stock after selling 17,455 shares during the quarter. TD Private Client Wealth LLC’s holdings in Walmart were worth $7,484,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter valued at approximately $26,000. TruNorth Capital Management LLC boosted its stake in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart in the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Walmart in the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.8 %

WMT opened at $94.57 on Wednesday. The business has a fifty day moving average price of $85.00 and a 200 day moving average price of $76.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $96.18. The stock has a market capitalization of $759.72 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 4.45 and a beta of 0.54.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WMT shares. Morgan Stanley upped their price objective on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup increased their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Jefferies Financial Group increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Melius Research initiated coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.27.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,243,091 shares of company stock valued at $257,591,179. Insiders own 45.58% of the company’s stock.

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.