Bond & Devick Financial Network Inc. Sells 300 Shares of Walmart Inc. (NYSE:WMT)

Bond & Devick Financial Network Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.1% in the third quarter, HoldingsChannel reports. The firm owned 4,641 shares of the retailer’s stock after selling 300 shares during the period. Bond & Devick Financial Network Inc.’s holdings in Walmart were worth $375,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% during 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 position in Walmart by 1.8% during the second 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 period. Raymond James & Associates grew its stake in Walmart by 3.0% in the 3rd quarter. Raymond James & Associates now owns 16,766,325 shares of the retailer’s stock valued at $1,353,881,000 after buying an additional 484,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew 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 purchasing an additional 834,005 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. Telsey Advisory Group lifted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Morgan Stanley boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Oppenheimer raised their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, UBS Group lifted their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a report on Friday, October 11th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $83.92.

Walmart Trading Up 0.1 %

WMT opened at $84.90 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $85.54. The company’s 50 day moving average price is $80.53 and its two-hundred day moving average price is $72.10. The firm has a market capitalization of $682.45 billion, a price-to-earnings ratio of 44.18, a PEG ratio of 4.25 and a beta of 0.51.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. 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 previous year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated 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 in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 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.