Walmart Inc. (NYSE:WMT) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd lessened its position in shares of Walmart Inc. (NYSE:WMT) by 68.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,211 shares of the retailer’s stock after selling 25,958 shares during the quarter. Altshuler Shaham Ltd’s holdings in Walmart were worth $827,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. AHL Investment Management Inc. raised its position in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after buying an additional 15,785 shares during the last quarter. Core Wealth Advisors Inc. lifted its position in Walmart by 38.9% during 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 during the period. Liberty Wealth Management LLC purchased a new stake in Walmart in the first quarter valued at $270,000. Commerce Bank grew its position in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after purchasing an additional 200,947 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at $26,367,350.70. 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 90 days. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 1.3 %

WMT stock opened at $79.06 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The firm has a market cap of $635.92 billion, a PE ratio of 33.79, a PEG ratio of 4.03 and a beta of 0.51. The firm’s 50 day moving average price is $73.44 and its 200-day moving average price is $66.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. HSBC increased their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Two investment 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 company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus 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.