Avaii Wealth Management LLC Sells 2,167 Shares of Walmart Inc. (NYSE:WMT)

Avaii Wealth Management LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 37.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,563 shares of the retailer’s stock after selling 2,167 shares during the quarter. Avaii Wealth Management LLC’s holdings in Walmart were worth $288,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Foster Group Inc. increased its stake in shares of Walmart by 194.0% during the first quarter. Foster Group Inc. now owns 15,409 shares of the retailer’s stock valued at $927,000 after buying an additional 10,167 shares during the period. New Hampshire Trust raised its position in shares of Walmart by 203.4% in the 1st quarter. New Hampshire Trust now owns 48,123 shares of the retailer’s stock worth $2,896,000 after acquiring an additional 32,261 shares in the last quarter. Lynch & Associates IN boosted its position in shares of Walmart by 184.9% during the first quarter. Lynch & Associates IN now owns 210,250 shares of the retailer’s stock valued at $12,651,000 after purchasing an additional 136,457 shares in the last quarter. Collective Family Office LLC raised its holdings in Walmart by 200.0% in the first quarter. Collective Family Office LLC now owns 4,758 shares of the retailer’s stock worth $286,000 after purchasing an additional 3,172 shares in the last quarter. Finally, Woodstock Corp lifted its position in Walmart by 203.0% during the first quarter. Woodstock Corp now owns 133,207 shares of the retailer’s stock valued at $8,015,000 after buying an additional 89,248 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.11 during trading on Thursday, hitting $81.11. The company had a trading volume of 2,569,808 shares, compared to its average volume of 17,123,277. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82. 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 firm has a market capitalization of $651.98 billion, a P/E ratio of 42.08, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. The stock has a 50 day simple moving average of $77.37 and a 200 day simple moving average of $69.31.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Oppenheimer raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, DA Davidson boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $82.96.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by corporate insiders.

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.