True North Advisors LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

True North Advisors LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,704 shares of the retailer’s stock after selling 2,216 shares during the period. True North Advisors LLC’s holdings in Walmart were worth $864,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Walmart by 12.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 28,324 shares of the retailer’s stock valued at $2,287,000 after purchasing an additional 3,033 shares during the last quarter. StoneCrest Wealth Management Inc. bought a new position in Walmart during the 3rd quarter valued at approximately $233,000. Sovereign Financial Group Inc. raised its stake in Walmart by 5.2% during the third quarter. Sovereign Financial Group Inc. now owns 6,977 shares of the retailer’s stock valued at $563,000 after buying an additional 344 shares during the last quarter. Hoxton Planning & Management LLC raised its stake in Walmart by 9.3% during the third quarter. Hoxton Planning & Management LLC now owns 5,368 shares of the retailer’s stock valued at $433,000 after buying an additional 458 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new stake in Walmart in the third quarter worth $297,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now directly owns 381,165 shares in the company, valued at $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,670 shares of company stock valued at $958,267,937 in the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. Roth Mkm lifted their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Stifel Nicolaus lifted their target price on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Robert W. Baird increased their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Tigress Financial boosted their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Telsey Advisory Group increased their target price on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $81.96.

Walmart Price Performance

NYSE WMT opened at $79.70 on Wednesday. The stock has a market cap of $640.65 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The company’s 50 day moving average is $75.88 and its two-hundred day moving average is $68.52. 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 released its earnings results 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current 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.