Powers Advisory Group LLC Decreases Position in Walmart Inc. (NYSE:WMT)

Powers Advisory Group LLC decreased its position in Walmart Inc. (NYSE:WMT) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,354 shares of the retailer’s stock after selling 186 shares during the period. Walmart comprises approximately 1.4% of Powers Advisory Group LLC’s portfolio, making the stock its 15th biggest holding. Powers Advisory Group LLC’s holdings in Walmart were worth $2,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hoese & Co LLP acquired a new stake in Walmart during the 3rd quarter valued at $33,000. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter worth about $25,000. TruNorth Capital Management LLC raised its stake in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at about $29,000. Finally, Kozak & Associates Inc. boosted its stake in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $81.31 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The stock has a market cap of $653.59 billion, a P/E ratio of 42.28, a PEG ratio of 4.07 and a beta of 0.51. 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 50-day moving average of $77.90 and a two-hundred day moving average of $69.61.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Jefferies Financial Group raised their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Stifel Nicolaus upped their target price on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Finally, UBS Group upped their price objective on shares of Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $82.96.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the sale, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,267,901 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.