Walmart Inc. (NYSE:WMT) Stake Reduced by United Asset Strategies Inc.

United Asset Strategies Inc. trimmed its stake in Walmart Inc. (NYSE:WMT) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 20,753 shares of the retailer’s stock after selling 750 shares during the quarter. United Asset Strategies Inc.’s holdings in Walmart were worth $1,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Legal & General Group Plc grew its stake in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Walmart by 3.0% during the third quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after purchasing an additional 484,196 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock valued at $1,095,946,000 after purchasing an additional 834,005 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMT shares. Roth Mkm raised their target price on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. DA Davidson raised their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp upped their target price on Walmart from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley lifted their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Robert W. Baird upped their price objective on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. One investment analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $83.83.

Insider Transactions at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction 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 sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7 %

Walmart stock traded up $0.53 during trading hours on Thursday, hitting $81.92. The company had a trading volume of 3,397,268 shares, compared to its average volume of 16,810,820. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market capitalization of $658.49 billion, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The firm’s fifty day moving average is $79.54 and its 200-day moving average is $70.86.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business 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%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 earnings per share. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

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.