Walmart Inc. (NYSE:WMT) Shares Sold by Unigestion Holding SA

Unigestion Holding SA cut its stake in Walmart Inc. (NYSE:WMT) by 31.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 214,668 shares of the retailer’s stock after selling 98,764 shares during the quarter. Unigestion Holding SA’s holdings in Walmart were worth $17,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Second Line Capital LLC raised its holdings in Walmart by 6.0% during the third quarter. Second Line Capital LLC now owns 46,450 shares of the retailer’s stock worth $3,751,000 after purchasing an additional 2,614 shares during the last quarter. TCW Group Inc. increased its position in shares of Walmart by 140.1% in the third quarter. TCW Group Inc. now owns 151,115 shares of the retailer’s stock valued at $12,203,000 after buying an additional 88,177 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in shares of Walmart by 31.9% during the 3rd quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock worth $946,000 after buying an additional 2,831 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Walmart by 3.1% in the 3rd quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock worth $188,742,000 after buying an additional 71,075 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC grew its stake in Walmart by 6.1% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock valued at $1,506,000 after acquiring an additional 1,068 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT stock opened at $94.57 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company’s fifty day moving average price is $85.00 and its two-hundred day moving average price is $76.28. The firm has a market capitalization of $759.72 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the transaction, the insider now owns 605,979,318 shares of the company’s stock, valued at approximately $47,981,442,399.24. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the sale, the insider now directly owns 610,843,318 shares of the company’s stock, valued at approximately $48,537,610,048.28. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,243,091 shares of company stock valued at $257,591,179. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday, November 15th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.27.

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.