Marks Group Wealth Management Inc Decreases Stock Position in Walmart Inc. (NYSE:WMT)

Marks Group Wealth Management Inc trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 11.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,954 shares of the retailer’s stock after selling 521 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Walmart were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Walmart during the third quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the first quarter worth approximately $25,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. purchased a new position in Walmart during the 2nd quarter valued at $29,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.3 %

NYSE:WMT opened at $83.44 on Thursday. The company has a market capitalization of $670.71 billion, a P/E ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. The firm has a fifty day simple moving average of $80.22 and a 200-day simple moving average of $71.67. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WMT shares. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company lifted their price target on shares of Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus price target of $83.89.

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.