Americana Partners LLC Has $967,000 Stake in Walmart Inc. (NYSE:WMT)

Americana Partners LLC reduced its position in Walmart Inc. (NYSE:WMT) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,278 shares of the retailer’s stock after selling 575 shares during the period. Americana Partners LLC’s holdings in Walmart were worth $967,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AHL Investment Management Inc. raised its holdings in shares of Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. raised its stake in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the last quarter. Core Wealth Advisors Inc. lifted its holdings in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC purchased a new position in shares of Walmart during the first quarter valued at approximately $270,000. Finally, Commerce Bank grew its holdings in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. The disclosure for this sale can be found here. Insiders sold 6,332,089 shares of company stock valued at $422,145,654 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 1.1 %

WMT opened at $77.23 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $77.47. The company has a market cap of $621.20 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.87 and a beta of 0.50. 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 of $70.55 and a 200 day moving average of $64.67.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of analyst reports. KeyCorp lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI lifted their target price on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their target price on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.64.

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.