Walmart Inc. (NYSE:WMT) is Pavion Blue Capital LLC’s 3rd Largest Position

Pavion Blue Capital LLC lowered its position in Walmart Inc. (NYSE:WMT) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,564 shares of the retailer’s stock after selling 864 shares during the quarter. Walmart makes up about 4.0% of Pavion Blue Capital LLC’s holdings, making the stock its 3rd biggest holding. Pavion Blue Capital LLC’s holdings in Walmart were worth $8,686,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Tarbox Family Office Inc. purchased a new position in Walmart in the third quarter worth approximately $271,000. Sigma Investment Counselors Inc. purchased a new position in Walmart in the third quarter worth approximately $271,000. Trueblood Wealth Management LLC lifted its stake in Walmart by 4.5% in the third quarter. Trueblood Wealth Management LLC now owns 12,702 shares of the retailer’s stock worth $1,026,000 after acquiring an additional 550 shares during the last quarter. BayBridge Capital Group LLC lifted its stake in Walmart by 1.1% in the third quarter. BayBridge Capital Group LLC now owns 19,969 shares of the retailer’s stock worth $1,612,000 after acquiring an additional 214 shares during the last quarter. Finally, Massachusetts Wealth Management lifted its stake in Walmart by 8.7% in the third quarter. Massachusetts Wealth Management now owns 26,804 shares of the retailer’s stock worth $2,164,000 after acquiring an additional 2,150 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares in the company, valued at $26,787,946.35. This 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 $958,784,857 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Oppenheimer raised their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Sanford C. Bernstein initiated coverage on shares of Walmart in a report on Tuesday. They set an “outperform” rating and a $95.00 price objective on the stock. Finally, DA Davidson raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Price Performance

Shares of NYSE WMT opened at $82.51 on Friday. The firm has a market capitalization of $663.67 billion, a P/E ratio of 35.26, a PEG ratio of 4.11 and a beta of 0.51. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. The company’s fifty day moving average is $79.09 and its two-hundred day moving average is $70.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Walmart Company Profile

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.