Schneider Downs Wealth Management Advisors LP Sells 196 Shares of Walmart Inc. (NYSE:WMT)

Schneider Downs Wealth Management Advisors LP cut its position in Walmart Inc. (NYSE:WMT) by 2.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,133 shares of the retailer’s stock after selling 196 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Walmart were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Kinsale Capital Group Inc. increased its stake in shares of Walmart by 13.6% during the 3rd quarter. Kinsale Capital Group Inc. now owns 121,089 shares of the retailer’s stock worth $9,778,000 after purchasing an additional 14,533 shares during the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in Walmart by 7.7% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 10,559 shares of the retailer’s stock worth $853,000 after purchasing an additional 752 shares during the period. LJI Wealth Management LLC increased its position in Walmart by 5.3% during the third quarter. LJI Wealth Management LLC now owns 7,095 shares of the retailer’s stock worth $573,000 after buying an additional 359 shares during the last quarter. RIA Advisory Group LLC bought a new stake in Walmart in the third quarter valued at approximately $1,197,000. Finally, Maxwell Wealth Strategies Inc. lifted its position in shares of Walmart by 14.2% in the third quarter. Maxwell Wealth Strategies Inc. now owns 43,849 shares of the retailer’s stock valued at $3,669,000 after buying an additional 5,442 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WMT shares. Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. UBS Group raised their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Roth Mkm raised their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $85.18.

Walmart Price Performance

WMT stock opened at $84.25 on Friday. The stock has a market cap of $677.22 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 4.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a 50 day simple moving average of $81.29 and a 200 day simple moving average of $72.88. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. Research analysts anticipate 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 the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.