EverSource Wealth Advisors LLC Sells 2,538 Shares of Walmart Inc. (NYSE:WMT)

EverSource Wealth Advisors LLC decreased its position in Walmart Inc. (NYSE:WMT) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,807 shares of the retailer’s stock after selling 2,538 shares during the period. EverSource Wealth Advisors LLC’s holdings in Walmart were worth $5,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Jennison Associates LLC increased its stake in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares during the period. International Assets Investment Management LLC boosted its position in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Finally, BlueSpruce Investments LP grew its stake in shares of Walmart by 186.6% in the 1st quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer’s stock valued at $621,723,000 after buying an additional 6,727,200 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was 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 in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. 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 ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Down 0.5 %

Walmart stock traded down $0.39 during mid-day trading on Wednesday, reaching $86.21. The stock had a trading volume of 3,726,608 shares, compared to its average volume of 16,779,283. Walmart Inc. has a one year low of $49.85 and a one year high of $88.29. The company has a 50-day moving average price of $81.58 and a two-hundred day moving average price of $73.34. The company has a market capitalization of $692.98 billion, a price-to-earnings ratio of 45.04, a PEG ratio of 4.19 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.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Morgan Stanley raised their price target on shares of Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. KeyCorp boosted their price objective on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research 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.com, Walmart currently has an average rating of “Buy” and an average price target of $88.08.

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.