OneDigital Investment Advisors LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

OneDigital Investment Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,997 shares of the retailer’s stock after selling 343 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Walmart were worth $19,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Investment Advisory Group LLC grew its position in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares in the last quarter. Jag Capital Management LLC boosted its stake in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after buying an additional 137 shares in the last quarter. Inspire Advisors LLC increased its stake in Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Walmart by 2.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.2 %

WMT opened at $84.47 on Friday. The company has a market capitalization of $678.99 billion, a P/E ratio of 43.92, a PEG ratio of 4.27 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 Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The stock’s fifty day moving average is $80.99 and its two-hundred day moving average is $72.53.

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

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Robert W. Baird boosted their price target on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Bank of America boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus increased their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price target for the company. Finally, TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $84.84.

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.