Artemis Investment Management LLP Sells 332,521 Shares of Walmart Inc. (NYSE:WMT)

Artemis Investment Management LLP reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 621,336 shares of the retailer’s stock after selling 332,521 shares during the quarter. Artemis Investment Management LLP’s holdings in Walmart were worth $50,173,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Able Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $30,000. EntryPoint Capital LLC bought a new stake in Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Walmart in the 2nd quarter valued at $29,000. Finally, Northwest Capital Management Inc raised its holdings 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 buying an additional 293 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now 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 legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,670 shares of company stock worth $958,267,937. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $79.71 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $75.67 and its 200-day moving average price is $68.39. The firm has a market capitalization of $640.73 billion, a P/E ratio of 34.11, a P/E/G ratio of 4.05 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMT shares. Stifel Nicolaus lifted their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group increased their price objective on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $81.96.

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.