Pacifica Partners Inc. Lowers Position in Walmart Inc. (NYSE:WMT)

Pacifica Partners Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,254 shares of the retailer’s stock after selling 1,766 shares during the quarter. Walmart comprises about 2.0% of Pacifica Partners Inc.’s investment portfolio, making the stock its 16th largest holding. Pacifica Partners Inc.’s holdings in Walmart were worth $4,785,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Able Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth approximately $30,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the 1st quarter worth $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the 2nd quarter worth about $29,000. Finally, Northwest Capital Management Inc increased its position 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 purchasing an additional 293 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 2.2 %

NYSE:WMT opened at $79.13 on Tuesday. The firm’s fifty day moving average is $75.48 and its 200-day moving average is $68.26. 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 Inc. has a 52 week low of $49.85 and a 52 week high of $81.60. The firm has a market cap of $636.07 billion, a P/E ratio of 33.86, a P/E/G ratio of 4.05 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the firm earned $0.61 earnings per share. Walmart’s revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada upped their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company upped their target price on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One 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 stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus price target of $81.62.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. This trade 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 can be accessed through the SEC website. In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock worth $958,267,937 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

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.