A. D. Beadell Investment Counsel Inc. Trims Holdings in Walmart Inc. (NYSE:WMT)

A. D. Beadell Investment Counsel Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 27.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,750 shares of the retailer’s stock after selling 1,410 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Walmart were worth $302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc increased its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% during the 2nd 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 last quarter. Cultivar Capital Inc. acquired a new stake in Walmart during the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Roth Mkm increased their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Citigroup increased their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company upped their price target on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $81.96.

Walmart Stock Performance

WMT traded down $0.71 during trading hours on Thursday, hitting $79.69. 2,455,487 shares of the stock were exchanged, compared to its average volume of 17,279,557. The stock has a 50-day simple moving average of $76.12 and a 200-day simple moving average of $68.61. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The stock has a market cap of $640.99 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 4.05 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 announced its quarterly earnings data 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 return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the transaction, the executive vice president now directly owns 463,871 shares in the company, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock valued at $958,267,937 over the last three months. Company insiders own 45.58% of the company’s stock.

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.