Vigilare Wealth Management Has $1.96 Million Position in Walmart Inc. (NYSE:WMT)

Vigilare Wealth Management lowered its holdings in Walmart Inc. (NYSE:WMT) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,289 shares of the retailer’s stock after selling 449 shares during the quarter. Walmart comprises about 0.8% of Vigilare Wealth Management’s investment portfolio, making the stock its 22nd largest position. Vigilare Wealth Management’s holdings in Walmart were worth $1,961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Liberty Wealth Management LLC bought a new stake in shares of Walmart during the first quarter worth $270,000. Commerce Bank boosted its holdings in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new position in Walmart in the first quarter valued at about $723,000. Finally, Meridian Management Co. boosted its holdings in Walmart by 200.2% in the first quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock valued at $8,477,000 after acquiring an additional 93,955 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of NYSE WMT opened at $82.19 on Friday. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $83.34. The stock has a 50 day moving average of $79.80 and a 200-day moving average of $71.09. The company has a market capitalization of $660.66 billion, a P/E ratio of 42.73, a P/E/G ratio of 4.10 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The company 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%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was 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 $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird raised their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Jefferies Financial Group raised their price target on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Telsey Advisory Group raised their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, KeyCorp increased their price objective on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $83.89.

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.