Walmart Inc. (NYSE:WMT) Shares Sold by Verity & Verity LLC

Verity & Verity LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,882 shares of the retailer’s stock after selling 1,443 shares during the period. Verity & Verity LLC’s holdings in Walmart were worth $1,121,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP acquired a new stake in Walmart in the third quarter worth approximately $33,000. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at $25,000. Finally, TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Roth Mkm lifted their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada boosted their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein assumed coverage on shares of Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price for the company. DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley raised their price objective on Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average price target of $86.71.

Walmart Trading Down 0.2 %

Shares of NYSE:WMT opened at $84.09 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $675.94 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The firm has a fifty day moving average price of $81.43 and a 200 day moving average price of $73.15.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. Insiders own 45.58% of the company’s stock.

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.