Fortis Advisors LLC Has $382,000 Position in Walmart Inc. (NYSE:WMT)

Fortis Advisors LLC cut its stake in Walmart Inc. (NYSE:WMT) by 30.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,736 shares of the retailer’s stock after selling 2,089 shares during the quarter. Fortis Advisors LLC’s holdings in Walmart were worth $382,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in Walmart during the first quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter worth approximately $26,000. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart in the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC grew its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein started coverage on Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 target price for the company. Robert W. Baird boosted their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $86.71.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. The trade was a 0.75 % 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. 45.58% of the stock is owned by company insiders.

Walmart Trading Down 0.2 %

Shares of WMT stock opened at $84.09 on Tuesday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The stock’s fifty day simple moving average is $81.43 and its 200 day simple moving average is $73.15. 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 firm has a market capitalization of $675.94 billion, a P/E ratio of 43.72, a P/E/G ratio of 4.20 and a beta of 0.51.

Walmart Company 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.