Capstone Triton Financial Group LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Capstone Triton Financial Group LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 1.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 56,166 shares of the retailer’s stock after selling 744 shares during the period. Walmart comprises 2.9% of Capstone Triton Financial Group LLC’s investment portfolio, making the stock its 5th biggest position. Capstone Triton Financial Group LLC’s holdings in Walmart were worth $4,535,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WMT. New Mexico Educational Retirement Board raised its holdings in shares of Walmart by 12.7% in the 1st quarter. New Mexico Educational Retirement Board now owns 82,293 shares of the retailer’s stock worth $4,952,000 after purchasing an additional 9,300 shares during the period. MPS Loria Financial Planners LLC lifted its holdings in shares of Walmart by 139.6% in the first quarter. MPS Loria Financial Planners LLC now owns 5,670 shares of the retailer’s stock worth $341,000 after buying an additional 3,304 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in Walmart by 209.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 10,713 shares of the retailer’s stock valued at $641,000 after purchasing an additional 7,248 shares during the period. River Street Advisors LLC grew its position in Walmart by 190.3% during the first quarter. River Street Advisors LLC now owns 11,992 shares of the retailer’s stock worth $722,000 after buying an additional 7,861 shares in the last quarter. Finally, Annapolis Financial Services LLC increased its position in shares of Walmart by 29.5% in the first quarter. Annapolis Financial Services LLC now owns 3,942 shares of the retailer’s stock worth $237,000 after purchasing an additional 898 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.04 during trading on Wednesday, reaching $81.74. 1,512,635 shares of the company traded hands, compared to its average volume of 16,837,762. The firm has a 50 day simple moving average of $79.42 and a 200-day simple moving average of $70.78. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The stock has a market capitalization of $657.05 billion, a PE ratio of 42.56, a P/E/G ratio of 4.13 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In other Walmart 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 of the company’s stock, valued at approximately $37,113,904.08. This 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 can be accessed through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. 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 accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,784,857 over the last 90 days. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Morgan Stanley raised their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein assumed coverage on shares of Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective for the company. Finally, TD Cowen upped their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $83.83.

About Walmart

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.