Intellectus Partners LLC Has $1.71 Million Stake in Walmart Inc. (NYSE:WMT)

Intellectus Partners LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 8.0% in the 3rd quarter, Holdings Channel reports. The firm owned 21,146 shares of the retailer’s stock after selling 1,842 shares during the period. Intellectus Partners LLC’s holdings in Walmart were worth $1,708,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Balboa Wealth Partners raised its position in shares of Walmart by 4.4% in the third quarter. Balboa Wealth Partners now owns 8,639 shares of the retailer’s stock valued at $698,000 after purchasing an additional 363 shares during the period. Sargent Investment Group LLC grew its stake in Walmart by 8.0% in the 3rd quarter. Sargent Investment Group LLC now owns 76,924 shares of the retailer’s stock valued at $6,212,000 after buying an additional 5,721 shares during the last quarter. Omnia Family Wealth LLC grew its stake in Walmart by 13.7% in the 3rd quarter. Omnia Family Wealth LLC now owns 4,465 shares of the retailer’s stock valued at $361,000 after buying an additional 539 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Walmart by 6.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 122,414 shares of the retailer’s stock worth $9,885,000 after acquiring an additional 6,980 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its position in Walmart by 6.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 1,015,409 shares of the retailer’s stock worth $81,994,000 after acquiring an additional 63,106 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This trade represents a 2.17 % 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 John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WMT. Roth Mkm lifted their price objective on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. KeyCorp lifted their price target on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, UBS Group increased their price target on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average price target of $84.84.

Walmart Stock Down 1.2 %

Shares of NYSE:WMT opened at $84.47 on Friday. The company has a market capitalization of $678.99 billion, a PE ratio of 43.92, a PEG ratio of 4.27 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a 50 day moving average price of $80.99 and a two-hundred day moving average price of $72.53.

Walmart (NYSE:WMT) last announced 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 firm had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.