Walmart Inc. (NYSE:WMT) Shares Sold by Opes Wealth Management LLC

Opes Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 14.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,820 shares of the retailer’s stock after selling 492 shares during the period. Opes Wealth Management LLC’s holdings in Walmart were worth $228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Investment Advisory Group LLC raised its stake in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC lifted its stake in Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after buying an additional 137 shares in the last quarter. Finally, Trust Co of the South grew its position in Walmart by 0.5% in the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after buying an additional 138 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Walmart stock opened at $82.19 on Monday. The stock has a market cap of $660.66 billion, a price-to-earnings ratio of 42.81, a P/E/G ratio of 4.10 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $79.80 and its 200 day simple moving average is $71.25.

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

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents 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. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents 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 the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Telsey Advisory Group increased their price objective on Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus upped their price target on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Finally, Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target for the company. One 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, Walmart presently has a consensus rating of “Buy” and an average target price of $83.89.

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.