Goelzer Investment Management Inc. Sells 2,345 Shares of Walmart Inc. (NYSE:WMT)

Goelzer Investment Management Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,223 shares of the retailer’s stock after selling 2,345 shares during the period. Goelzer Investment Management Inc.’s holdings in Walmart were worth $9,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Able Wealth Management LLC purchased a new stake in Walmart in the fourth quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the fourth quarter worth $32,000. EntryPoint Capital LLC purchased a new stake in Walmart during the first quarter valued at $25,000. TruNorth Capital Management LLC lifted its holdings in 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 acquiring an additional 249 shares during the period. Finally, Cultivar Capital Inc. purchased a new position in Walmart in the second quarter worth about $29,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s 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 of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,337,670 shares of company stock valued at $958,267,937. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WMT shares. Citigroup increased their price objective on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley lifted their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. DA Davidson upped their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Evercore ISI lifted their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Buy” and an average price target of $81.62.

Walmart Trading Up 0.6 %

Shares of Walmart stock traded up $0.51 on Friday, reaching $80.94. The company had a trading volume of 11,591,388 shares, compared to its average volume of 17,396,678. The firm’s 50-day moving average price is $75.48 and its two-hundred day moving average price is $68.16. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The firm has a market cap of $650.62 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 4.03 and a beta of 0.51. 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 (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. The business had revenue of $169.30 billion for 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 was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

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.