Mill Creek Capital Advisors LLC Sells 840 Shares of Walmart Inc. (NYSE:WMT)

Mill Creek Capital Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 7.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,393 shares of the retailer’s stock after selling 840 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Walmart were worth $704,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WMT. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth about $30,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. HSBC increased their price target 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. Evercore ISI boosted their price target on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus boosted their target price 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. Finally, Jefferies Financial Group increased their target price on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.

Walmart Stock Up 1.6 %

Walmart stock opened at $80.33 on Tuesday. The firm has a market capitalization of $646.14 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 4.03 and a beta of 0.51. The company’s 50 day simple moving average is $73.65 and its 200 day simple moving average is $67.02. 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.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter 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.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was 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 directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Insiders have 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 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.