Walmart Inc. (NYSE:WMT) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,797 shares of the retailer’s stock after selling 2,983 shares during the quarter. Walmart makes up about 2.0% of LS Investment Advisors LLC’s holdings, making the stock its 14th largest position. LS Investment Advisors LLC’s holdings in Walmart were worth $13,711,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Tandem Investment Advisors Inc. raised its position in shares of Walmart by 22.8% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 17,294 shares of the retailer’s stock worth $1,397,000 after acquiring an additional 3,208 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in Walmart during the third quarter worth approximately $869,000. Western Pacific Wealth Management LP lifted its position in shares of Walmart by 19.5% during the 3rd quarter. Western Pacific Wealth Management LP now owns 6,783 shares of the retailer’s stock worth $548,000 after buying an additional 1,107 shares during the last quarter. Hara Capital LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $37,000. Finally, JB Capital LLC raised its stake in Walmart by 0.5% during the 3rd quarter. JB Capital LLC now owns 190,371 shares of the retailer’s stock worth $15,373,000 after acquiring an additional 891 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated Monday, September 9th. The stock was 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WMT. Melius Research started coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. UBS Group lifted their price target on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Sanford C. Bernstein began coverage on Walmart in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective for the company. Guggenheim lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.92.

Walmart Stock Performance

NYSE:WMT opened at $83.84 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $673.93 billion, a P/E ratio of 43.59, a price-to-earnings-growth ratio of 4.18 and a beta of 0.51. The firm has a 50-day moving average price of $80.22 and a two-hundred day moving average price of $71.67. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.