Heritage Investors Management Corp Decreases Holdings in Walmart Inc. (NYSE:WMT)

Heritage Investors Management Corp trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 538,305 shares of the retailer’s stock after selling 19,800 shares during the period. Walmart makes up 1.4% of Heritage Investors Management Corp’s portfolio, making the stock its 16th biggest position. Heritage Investors Management Corp’s holdings in Walmart were worth $43,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. 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.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at approximately $29,765,104.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,334,337 shares of company stock worth $958,577,287. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE:WMT traded up $0.57 during midday trading on Tuesday, hitting $83.02. 748,493 shares of the stock were exchanged, compared to its average volume of 16,747,131. Walmart Inc. has a one year low of $49.85 and a one year high of $83.34. The company has a market capitalization of $667.34 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51. The business has a 50-day moving average price of $79.93 and a two-hundred day moving average price of $71.41. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 earnings per share. Sell-side analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WMT shares. Evercore ISI upped their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Guggenheim increased their price target on shares of Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 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 issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $83.89.

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.