Walmart Inc. (NYSE:WMT) Shares Sold by ING Groep NV

ING Groep NV decreased its holdings in Walmart Inc. (NYSE:WMT) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 615,756 shares of the retailer’s stock after selling 79,261 shares during the period. ING Groep NV’s holdings in Walmart were worth $49,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Sargent Investment Group LLC lifted its stake in Walmart by 8.0% in the third quarter. Sargent Investment Group LLC now owns 76,924 shares of the retailer’s stock worth $6,212,000 after acquiring an additional 5,721 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in shares of Walmart by 13.7% in the 3rd quarter. Omnia Family Wealth LLC now owns 4,465 shares of the retailer’s stock valued at $361,000 after purchasing an additional 539 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Walmart by 6.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 122,414 shares of the retailer’s stock worth $9,885,000 after purchasing an additional 6,980 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Walmart by 6.6% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 1,015,409 shares of the retailer’s stock worth $81,994,000 after purchasing an additional 63,106 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in Walmart by 3.2% in the third quarter. Metis Global Partners LLC now owns 205,093 shares of the retailer’s stock valued at $16,561,000 after buying an additional 6,349 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. The Goldman Sachs Group upped their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. UBS Group raised their price objective on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Morgan Stanley boosted their price objective on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $84.84.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.05 during midday trading on Thursday, hitting $85.55. 4,076,775 shares of the stock were exchanged, compared to its average volume of 16,654,225. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $80.99 and a 200-day moving average price of $72.53. The stock has a market cap of $687.67 billion, a P/E ratio of 44.46, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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 net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is owned by insiders.

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.