Walmart Inc. (NYSE:WMT) Shares Sold by Mainsail Financial Group LLC

Mainsail Financial Group LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 19.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,702 shares of the retailer’s stock after selling 2,884 shares during the quarter. Mainsail Financial Group LLC’s holdings in Walmart were worth $941,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. AHL Investment Management Inc. increased its position in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in Walmart during the first quarter worth $270,000. Commerce Bank increased its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,267,901 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on WMT. Robert W. Baird lifted their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Barclays lifted their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday. They issued an “outperform” rating and a $95.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $83.51.

Walmart Trading Up 1.5 %

Shares of NYSE WMT opened at $82.02 on Wednesday. The stock’s 50 day moving average price is $78.42 and its two-hundred day moving average price is $69.99. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $82.22. The stock has a market capitalization of $659.73 billion, a P/E ratio of 35.05, a PEG ratio of 4.07 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 (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.