Walmart Inc. (NYSE:WMT) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,367 shares of the retailer’s stock after selling 389 shares during the quarter. Custom Index Systems LLC’s holdings in Walmart were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Walmart by 199.4% during the 1st 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 in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Legal & General Group Plc boosted its stake in Walmart by 1.8% during the 2nd 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 during the last quarter. Raymond James & Associates grew 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 worth $1,353,881,000 after buying an additional 484,196 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Walmart by 5.4% in 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 buying an additional 834,005 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Sanford C. Bernstein began coverage on Walmart in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada lifted their target price 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, KeyCorp increased their price target on shares of Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $83.51.

Insider Activity at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % 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 $958,784,857 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.6 %

Shares of NYSE WMT opened at $82.51 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a market capitalization of $663.24 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 4.13 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 business has a 50-day moving average of $79.09 and a two-hundred day moving average of $70.47.

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

About Walmart

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.