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

by · The Markets Daily

Koa Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 10.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,832 shares of the retailer’s stock after selling 1,436 shares during the period. Koa Wealth Management LLC’s holdings in Walmart were worth $955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Oxbow Advisors LLC boosted its holdings in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after buying an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Walmart by 21.9% in the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after acquiring an additional 105,430 shares during the last quarter. Whalerock Point Partners LLC increased its position in shares of Walmart by 213.5% during the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after purchasing an additional 20,167 shares in the last quarter. WFA Asset Management Corp raised its stake in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. TD Cowen increased their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Barclays raised their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company increased their price objective on Walmart from $88.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $85.18.

View Our Latest Stock Analysis on Walmart

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $84.27 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The stock has a market capitalization of $677.38 billion, a PE ratio of 43.81, a PEG ratio of 4.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day simple moving average of $81.29 and a 200-day simple moving average of $72.78.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

About Walmart

(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.

Featured Articles

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).