Transatlantique Private Wealth LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Transatlantique Private Wealth LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,352 shares of the retailer’s stock after selling 1,165 shares during the period. Transatlantique Private Wealth LLC’s holdings in Walmart were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aveo Capital Partners LLC lifted its holdings in Walmart by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after acquiring an additional 197 shares during the period. 9258 Wealth Management LLC increased its holdings in shares of Walmart by 1.8% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares in the last quarter. Gryphon Financial Partners LLC lifted its stake in shares of Walmart by 58.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock valued at $1,033,000 after purchasing an additional 2,443 shares during the period. Assetmark Inc. boosted its holdings in Walmart by 7.2% during the fourth quarter. Assetmark Inc. now owns 39,055 shares of the retailer’s stock worth $6,157,000 after buying an additional 2,607 shares in the last quarter. Finally, Tidemark LLC acquired a new stake in Walmart during the fourth quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HSBC upped their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. upped their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Evercore ISI raised their price objective on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Oppenheimer increased their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Trading Up 1.3 %

Shares of WMT opened at $79.06 on Friday. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02. The firm has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The firm has a 50-day moving average price of $73.44 and a 200 day moving average price of $66.78. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly 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 analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 EPS. Sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the transaction, the insider now owns 603,989,702 shares of the company’s stock, valued at approximately $47,262,194,181.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated 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 in the company, valued at $6,420,220. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of the company’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 completion of the transaction, the insider now owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The disclosure for this sale can be found here. Insiders sold a total of 12,369,039 shares of company stock valued at $959,826,083 over the last quarter. 45.58% of the stock is owned by insiders.

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.