Walmart Inc. (NYSE:WMT) Stock Holdings Lessened by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 8.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,360 shares of the retailer’s stock after selling 298 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Walmart were worth $271,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Fisher Asset Management LLC lifted its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after purchasing an additional 350,881 shares during the last quarter. Oxbow Advisors LLC lifted its position in Walmart by 45.0% in the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after purchasing an additional 8,834 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.6 %

Shares of NYSE WMT opened at $91.88 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $92.25. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $738.55 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 4.36 and a beta of 0.51. The business has a 50-day moving average of $83.08 and a 200-day moving average of $74.60.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the sale, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group lifted their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein lifted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

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.