Walmart Inc. (NYSE:WMT) Shares Sold by Moran Wealth Management LLC

by · The Cerbat Gem

Moran Wealth Management LLC decreased its position in Walmart Inc. (NYSE:WMT – Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,155 shares of the retailer’s stock after selling 5,640 shares during the quarter. Moran Wealth Management LLC’s holdings in Walmart were worth $13,013,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter worth about $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter valued at about $26,000. TruNorth Capital Management LLC grew its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at $29,000. Finally, FSA Wealth Management LLC raised its stake in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. The Goldman Sachs Group upped their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. UBS Group raised their target price on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Royal Bank of Canada lifted their price target on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $88.08.

View Our Latest Stock Report on WMT

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % 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 R. Furner sold 13,125 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.3 %

Shares of WMT traded down $0.25 during trading on Wednesday, reaching $86.35. 5,099,294 shares of the company traded hands, compared to its average volume of 16,781,988. 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 twelve month low of $49.85 and a twelve month high of $88.29. The stock has a market cap of $694.10 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51. The stock has a 50-day simple moving average of $81.58 and a 200-day simple moving average of $73.34.

Walmart (NYSE:WMT – Get Free Report) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Walmart Profile

(Free Report)

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.

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