Walmart Inc. (NYSE:WMT) Holdings Lowered by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 1.6% during the third quarter, HoldingsChannel reports. The firm owned 50,493 shares of the retailer’s stock after selling 800 shares during the period. Walmart accounts for approximately 1.0% of J. W. Coons Advisors LLC’s holdings, making the stock its 27th biggest position. J. W. Coons Advisors LLC’s holdings in Walmart were worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC increased its holdings in shares of 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 period. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter worth approximately $29,000. Finally, FSA Wealth Management LLC grew its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on WMT shares. Tigress Financial lifted their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada raised their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Walmart in a research note on Wednesday, November 13th. Oppenheimer lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus increased their price target on shares of Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Walmart has an average rating of “Buy” and an average price target of $85.18.

Walmart Stock Down 0.3 %

Shares of WMT stock opened at $84.25 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $85.79. 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 stock has a fifty day moving average price of $81.29 and a 200 day moving average price of $72.98. The stock has a market cap of $677.22 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during 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%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. Analysts predict that Walmart Inc. will post 2.44 earnings per share for the current 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.