Great Diamond Partners LLC Sells 3,762 Shares of Walmart Inc. (NYSE:WMT)

Great Diamond Partners LLC reduced its position in Walmart Inc. (NYSE:WMT) by 35.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,911 shares of the retailer’s stock after selling 3,762 shares during the period. Great Diamond Partners LLC’s holdings in Walmart were worth $558,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WMT. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% during 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 Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC boosted its stake in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. Finally, Kozak & Associates Inc. grew its holdings in Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. DA Davidson increased their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Sanford C. Bernstein initiated coverage on Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $83.83.

Walmart Stock Performance

Shares of WMT stock opened at $81.72 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $83.34. The company has a market capitalization of $656.89 billion, a P/E ratio of 42.56, a PEG ratio of 4.13 and a beta of 0.51. The stock has a 50 day moving average price of $79.42 and a two-hundred day moving average price of $70.78.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’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 directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated 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 directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,784,857 over the last ninety days. 45.58% of the stock is owned by insiders.

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.