Walmart Inc. (NYSE:WMT) Shares Sold by Founders Capital Management

Founders Capital Management cut its holdings in Walmart Inc. (NYSE:WMTFree Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,651 shares of the retailer’s stock after selling 622 shares during the period. Walmart comprises approximately 1.3% of Founders Capital Management’s holdings, making the stock its 26th biggest position. Founders Capital Management’s holdings in Walmart were worth $1,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Architects LLC grew its stake in shares of Walmart by 3.3% in the 1st quarter. Wealth Architects LLC now owns 2,076 shares of the retailer’s stock worth $306,000 after purchasing an additional 66 shares during the last quarter. Bluesphere Advisors LLC increased its position in shares of Walmart by 3.5% in the first quarter. Bluesphere Advisors LLC now owns 2,003 shares of the retailer’s stock worth $295,000 after acquiring an additional 67 shares in the last quarter. Glassman Wealth Services increased its position in shares of Walmart by 1.5% in the first quarter. Glassman Wealth Services now owns 4,477 shares of the retailer’s stock worth $660,000 after acquiring an additional 68 shares in the last quarter. Avalon Investment & Advisory increased its position in shares of Walmart by 3.4% in the fourth quarter. Avalon Investment & Advisory now owns 2,070 shares of the retailer’s stock worth $294,000 after acquiring an additional 69 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in shares of Walmart by 1.1% in the first quarter. Cyndeo Wealth Partners LLC now owns 6,515 shares of the retailer’s stock worth $381,000 after acquiring an additional 69 shares in the last quarter. 33.18% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Down 0.4 %

WMT opened at $164.64 on Friday. The firm’s 50-day simple moving average is $159.12 and its 200-day simple moving average is $152.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.83. Walmart Inc. has a twelve month low of $128.07 and a twelve month high of $165.85. The firm has a market cap of $443.14 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.90 and a beta of 0.49.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The business had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 EPS. Equities research analysts anticipate that Walmart Inc. will post 6.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the transaction, the chief executive officer now owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.04, for a total transaction of $1,505,128.32. Following the transaction, the chief executive officer now directly owns 1,490,621 shares in the company, valued at approximately $231,105,879.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 473,370 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $155.75, for a total transaction of $73,727,377.50. Following the transaction, the insider now owns 241,479,146 shares in the company, valued at $37,610,376,989.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,493,773 shares of company stock worth $1,005,802,298 in the last 90 days. Corporate insiders own 46.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WMT shares. Wells Fargo & Company lifted their target price on shares of Walmart from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. UBS Group lifted their target price on shares of Walmart from $173.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Evercore ISI boosted their price objective on shares of Walmart from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. TD Cowen reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Walmart in a research report on Tuesday, September 5th. Finally, Morgan Stanley boosted their price objective on shares of Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Four investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.51.

View Our Latest Analysis on WMT

About Walmart

(Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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