Walmart Inc. (NYSE:WMT) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 44.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,727 shares of the retailer’s stock after selling 2,139 shares during the period. JNBA Financial Advisors’ holdings in Walmart were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC increased its holdings in shares of Walmart by 200.0% during the 3rd quarter. American Capital Advisory LLC now owns 15,456 shares of the retailer’s stock worth $1,248,000 after buying an additional 10,304 shares during the last quarter. Consilium Wealth Advisory LLC increased its holdings in shares of Walmart by 157.2% during the 3rd quarter. Consilium Wealth Advisory LLC now owns 22,818 shares of the retailer’s stock worth $1,843,000 after buying an additional 13,948 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Walmart by 5.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 296,465 shares of the retailer’s stock worth $23,940,000 after buying an additional 14,604 shares during the last quarter. Centennial Wealth Advisory LLC acquired a new stake in shares of Walmart during the 3rd quarter worth $238,000. Finally, Umpqua Bank increased its holdings in shares of Walmart by 17.5% during the 3rd quarter. Umpqua Bank now owns 7,981 shares of the retailer’s stock worth $644,000 after buying an additional 1,189 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WMT. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Royal Bank of Canada upped their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein started coverage on shares of Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Finally, Bank of America upped their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart has an average rating of “Buy” and an average target price of $83.89.

Insider Activity

In other news, 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 completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $83.44 on Thursday. The firm’s 50 day moving average is $80.22 and its two-hundred day moving average is $71.67. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.54. The firm has a market capitalization of $670.71 billion, a P/E ratio of 43.46, a PEG ratio of 4.13 and a beta of 0.51. 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 (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

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.