DAVENPORT & Co LLC cut its holdings in shares of Walmart Inc (NYSE:WMT) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,674 shares of the retailer’s stock after selling 14,589 shares during the quarter. DAVENPORT & Co LLC’s holdings in Walmart were worth $4,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new position in shares of Walmart in the 2nd quarter worth about $111,000. ELM Advisors LLC purchased a new position in shares of Walmart in the 3rd quarter worth about $152,000. Amussen Hunsaker Associates LLC purchased a new position in shares of Walmart in the 2nd quarter worth about $152,000. Moody Aldrich Partners LLC purchased a new position in shares of Walmart in the 2nd quarter worth about $161,279,000. Finally, Kiley Juergens Wealth Management LLC purchased a new position in shares of Walmart in the 2nd quarter worth about $165,000. Hedge funds and other institutional investors own 29.32% of the company’s stock.
In other Walmart news, insider Jacqueline P. Canney sold 1,575 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $95.48, for a total transaction of $150,381.00. Following the completion of the sale, the insider now owns 57,276 shares in the company, valued at approximately $5,468,712.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 594,396 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $98.28, for a total value of $58,417,238.88. Following the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $663,250,442.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,199,130 shares of company stock valued at $976,228,654. 51.11% of the stock is owned by insiders.
WMT stock opened at $94.81 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $109.98. The stock has a market capitalization of $278.20 billion, a PE ratio of 21.45, a P/E/G ratio of 3.30 and a beta of 0.52.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. During the same quarter last year, the firm earned $1.08 EPS. Walmart’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts predict that Walmart Inc will post 4.81 earnings per share for the current year.
A number of equities analysts have recently commented on WMT shares. JPMorgan Chase & Co. raised their price objective on Walmart to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 8th. UBS Group raised their price objective on Walmart from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Argus set a $112.00 price objective on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Stephens set a $115.00 price objective on Walmart and gave the stock a “buy” rating in a report on Friday, August 17th. Finally, Deutsche Bank upgraded Walmart from a “hold” rating to a “buy” rating and raised their price objective for the stock from $89.00 to $113.00 in a report on Tuesday. Eighteen investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $102.37.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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