Walmart Inc. (NYSE:WMT) is Rowlandmiller & PARTNERS.ADV’s 7th Largest Position

Rowlandmiller & PARTNERS.ADV lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,085 shares of the retailer’s stock after selling 287 shares during the period. Walmart comprises about 3.2% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 7th largest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Walmart were worth $15,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. Benin Management CORP boosted its holdings in shares of Walmart by 201.0% during the 1st quarter. Benin Management CORP now owns 18,027 shares of the retailer’s stock worth $1,085,000 after purchasing an additional 12,037 shares during the last quarter. Hobart Private Capital LLC boosted its holdings in shares of Walmart by 191.4% during the 1st quarter. Hobart Private Capital LLC now owns 5,901 shares of the retailer’s stock worth $355,000 after purchasing an additional 3,876 shares during the last quarter. Brookstone Capital Management lifted its holdings in Walmart by 274.4% in the first quarter. Brookstone Capital Management now owns 281,496 shares of the retailer’s stock valued at $16,938,000 after acquiring an additional 206,316 shares during the last quarter. AHL Investment Management Inc. lifted its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares during the last quarter. Finally, Future Financial Wealth Managment LLC lifted its holdings in Walmart by 200.0% in the first quarter. Future Financial Wealth Managment LLC now owns 4,350 shares of the retailer’s stock valued at $262,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Barclays upped their price target on Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Bank of America upped their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One investment 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. According to MarketBeat, Walmart currently has an average rating of “Buy” and a consensus price target of $83.51.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $83.05 on Friday. The company has a fifty day moving average price of $78.71 and a 200 day moving average price of $70.08. 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 twelve month low of $49.85 and a twelve month high of $83.34. The stock has a market cap of $667.58 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.

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

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s 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 completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,295,088 shares of company stock valued at $955,284,831. Company insiders own 45.58% of the company’s stock.

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.