ASB Consultores LLC Sells 3,348 Shares of Walmart Inc. (NYSE:WMT)

ASB Consultores LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,487 shares of the retailer’s stock after selling 3,348 shares during the period. Walmart comprises about 0.4% of ASB Consultores LLC’s investment portfolio, making the stock its 29th largest holding. ASB Consultores LLC’s holdings in Walmart were worth $1,049,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter worth $25,000. Northwest Capital Management Inc grew its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC raised its holdings in shares of 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 last quarter. Cultivar Capital Inc. bought a new position in Walmart in the second quarter valued at $29,000. Finally, Able Wealth Management LLC bought a new position in Walmart in the fourth quarter valued at $30,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 1.2 %

WMT opened at $78.05 on Friday. 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 fifty-two week low of $49.85 and a fifty-two week high of $81.02. The company’s 50 day moving average price is $73.24 and its two-hundred day moving average price is $66.65. 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.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating 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 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 prior year, the business posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction that occurred 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,369,039 shares of company stock worth $959,826,083. Company insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. Roth Mkm raised their price objective on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Guggenheim upped their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. TD Cowen increased their price objective on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus increased their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $78.99.

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.