Walmart Inc. (NYSE:WMT) Stock Position Lowered by Narus Financial Partners LLC

Narus Financial Partners LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,479,426 shares of the retailer’s stock after selling 1,235 shares during the period. Walmart makes up about 42.8% of Narus Financial Partners LLC’s holdings, making the stock its largest holding. Narus Financial Partners LLC’s holdings in Walmart were worth $119,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Walmart in the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in Walmart during the second quarter worth $29,000. FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. grew its stake in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. 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 $958,267,901. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of WMT opened at $81.31 on Monday. 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 Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The stock has a market cap of $653.59 billion, a PE ratio of 42.28, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The firm has a fifty day moving average price of $77.90 and a 200 day moving average price of $69.68.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMT shares. TD Cowen raised their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Morgan Stanley raised their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group upped their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One equities research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $82.96.

Walmart 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.