Quarry LP Sells 751 Shares of Walmart Inc. (NYSE:WMT)

Quarry LP trimmed its stake in Walmart Inc. (NYSE:WMT) by 56.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 582 shares of the retailer’s stock after selling 751 shares during the period. Quarry LP’s holdings in Walmart were worth $39,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC acquired a new position in Walmart in the fourth quarter worth $32,000. Seven Eight Capital LP acquired a new position in Walmart in the fourth quarter worth $444,000. Personal CFO Solutions LLC boosted its stake in Walmart by 9.2% in the fourth quarter. Personal CFO Solutions LLC now owns 6,491 shares of the retailer’s stock worth $1,023,000 after purchasing an additional 545 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in Walmart by 4.5% in the fourth quarter. Evercore Wealth Management LLC now owns 27,479 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 1,177 shares in the last quarter. Finally, Core Wealth Advisors Inc. boosted its stake in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.6 %

Shares of Walmart stock opened at $80.94 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The business has a 50-day moving average of $75.48 and a two-hundred day moving average of $68.22. The company has a market capitalization of $651.04 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 4.03 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 posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share. As a group, equities analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Tigress Financial upped their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 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 MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $81.62.

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.