Walmart Inc. (NYSE:WMT) Stock Holdings Reduced by Trivant Custom Portfolio Group LLC

Trivant Custom Portfolio Group LLC cut its stake in Walmart Inc. (NYSE:WMT) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,283 shares of the retailer’s stock after selling 257 shares during the period. Walmart makes up approximately 2.5% of Trivant Custom Portfolio Group LLC’s holdings, making the stock its 10th largest holding. Trivant Custom Portfolio Group LLC’s holdings in Walmart were worth $4,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. increased its stake in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. Raymond James & Associates lifted its position in shares of Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after acquiring an additional 2,246,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after acquiring an additional 834,005 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.6 %

Shares of WMT traded up $0.51 during trading on Friday, reaching $80.94. The company’s stock had a trading volume of 11,591,388 shares, compared to its average volume of 17,396,678. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $75.48 and a two-hundred day moving average of $68.16. The company 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. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Citigroup boosted their price target on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Bank of America lifted 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. Finally, Jefferies Financial Group increased their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. 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. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average target price of $81.62.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Daniel J. Bartlett sold 2,398 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by corporate insiders.

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.