Allworth Financial LP Sells 3,216 Shares of Walmart Inc. (NYSE:WMT)

Allworth Financial LP reduced its stake in Walmart Inc. (NYSE:WMT) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,684 shares of the retailer’s stock after selling 3,216 shares during the period. Allworth Financial LP’s holdings in Walmart were worth $14,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WMT. CWC Advisors LLC. bought a new position in shares of Walmart during the 3rd quarter worth $642,000. Highland Capital Management LLC grew its holdings in Walmart by 7.5% during the 3rd quarter. Highland Capital Management LLC now owns 28,519 shares of the retailer’s stock worth $2,303,000 after acquiring an additional 2,000 shares in the last quarter. Burford Brothers Inc. raised its holdings in shares of Walmart by 3.5% in the 3rd quarter. Burford Brothers Inc. now owns 24,300 shares of the retailer’s stock valued at $1,962,000 after purchasing an additional 815 shares in the last quarter. Cromwell Holdings LLC lifted its position in shares of Walmart by 1.3% in the 3rd quarter. Cromwell Holdings LLC now owns 11,819 shares of the retailer’s stock worth $954,000 after purchasing an additional 155 shares during the period. Finally, Capital Management Associates Inc bought a new position in shares of Walmart during the third quarter valued at approximately $237,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. 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 quarter, insiders sold 12,337,337 shares of company stock valued at $958,784,857. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Tigress Financial raised their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. KeyCorp increased their price target on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Price Performance

NYSE:WMT opened at $82.51 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The stock’s 50-day moving average price is $79.09 and its 200-day moving average price is $70.40. The stock has a market capitalization of $663.67 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 analyst estimates 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 in the previous year, the business earned $0.61 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.