Walmart Inc. (NYSE:WMT) Shares Sold by Wealth Advisors of Tampa Bay LLC

Wealth Advisors of Tampa Bay LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the second quarter, Holdings Channel reports. The firm owned 107,462 shares of the retailer’s stock after selling 668 shares during the period. Walmart makes up about 3.4% of Wealth Advisors of Tampa Bay LLC’s investment portfolio, making the stock its 5th biggest position. Wealth Advisors of Tampa Bay LLC’s holdings in Walmart were worth $7,276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Trust Investment Advisors acquired a new position in Walmart during the second quarter valued at approximately $221,000. Ieq Capital LLC lifted its holdings in shares of Walmart by 12.8% during the 2nd quarter. Ieq Capital LLC now owns 217,577 shares of the retailer’s stock valued at $14,732,000 after acquiring an additional 24,615 shares in the last quarter. Brighton Jones LLC boosted its position in Walmart by 6.7% during the 2nd quarter. Brighton Jones LLC now owns 80,261 shares of the retailer’s stock worth $5,434,000 after purchasing an additional 5,008 shares during the period. Intech Investment Management LLC increased its holdings in Walmart by 5.1% in the 2nd quarter. Intech Investment Management LLC now owns 1,197,490 shares of the retailer’s stock valued at $81,082,000 after purchasing an additional 58,542 shares in the last quarter. Finally, Austin Asset Management Co Inc raised its position in Walmart by 2.4% in the second quarter. Austin Asset Management Co Inc now owns 8,307 shares of the retailer’s stock valued at $562,000 after purchasing an additional 195 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder S Robson Walton sold 359,616 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,369,039 shares of company stock valued at $959,826,083. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.2 %

Walmart stock opened at $78.05 on Friday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $627.80 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. The firm has a 50-day moving average price of $73.24 and a two-hundred day moving average price of $66.65.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group lifted their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. 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. Finally, KeyCorp raised their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Two 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.