Keudell Morrison Wealth Management Lowers Position in Walmart Inc. (NYSE:WMT)

Keudell Morrison Wealth Management lessened its stake in Walmart Inc. (NYSE:WMT) by 8.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,487 shares of the retailer’s stock after selling 1,021 shares during the period. Keudell Morrison Wealth Management’s holdings in Walmart were worth $928,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Valley Brook Capital Group Inc. lifted its position in shares of Walmart by 0.9% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 26,477 shares of the retailer’s stock valued at $2,138,000 after buying an additional 225 shares in the last quarter. Washington Trust Bank lifted its position in shares of Walmart by 16.4% during the 3rd quarter. Washington Trust Bank now owns 11,044 shares of the retailer’s stock valued at $892,000 after buying an additional 1,554 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after buying an additional 809,352 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Walmart by 1.0% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 71,605 shares of the retailer’s stock valued at $5,782,000 after buying an additional 699 shares in the last quarter. Finally, WoodTrust Financial Corp lifted its position in shares of Walmart by 0.6% during the 3rd quarter. WoodTrust Financial Corp now owns 147,438 shares of the retailer’s stock valued at $11,906,000 after buying an additional 872 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.8 %

Shares of NYSE WMT traded up $0.70 during midday trading on Thursday, hitting $84.14. 1,558,685 shares of the company’s stock were exchanged, compared to its average volume of 16,737,420. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The company has a market cap of $676.34 billion, a PE ratio of 43.46, a P/E/G ratio of 4.13 and a beta of 0.51. The firm’s fifty day simple moving average is $80.22 and its 200-day simple moving average is $71.67.

Walmart (NYSE:WMT) last released its quarterly 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 return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. Research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred 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 transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $83.89.

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.