Moloney Securities Asset Management LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Moloney Securities Asset Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,549 shares of the retailer’s stock after selling 976 shares during the period. Moloney Securities Asset Management LLC’s holdings in Walmart were worth $4,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Liberty Wealth Management LLC purchased a new position in Walmart in the 1st quarter valued at about $270,000. Commerce Bank boosted its position in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after buying an additional 200,947 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new position in Walmart in the 1st quarter valued at about $723,000. Finally, Meridian Management Co. boosted its position in Walmart by 200.2% in the 1st quarter. Meridian Management Co. now owns 140,880 shares of the retailer’s stock valued at $8,477,000 after buying an additional 93,955 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMT. Stifel Nicolaus upped their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research report on Tuesday, August 13th. Guggenheim upped their target price on shares of Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. TD Cowen upped their target price on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Roth Mkm increased their price objective on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $83.89.

Walmart Stock Up 0.3 %

Shares of NYSE:WMT opened at $82.45 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $662.75 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 4.12 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The firm has a 50 day simple moving average of $79.93 and a 200 day simple moving average of $71.41.

Walmart (NYSE:WMT) last issued 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 business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock worth $958,577,287 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

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.