Rockefeller Capital Management L.P. Decreases Stock Position in Walmart Inc. (NYSE:WMT)

Rockefeller Capital Management L.P. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,675,034 shares of the retailer’s stock after selling 255,977 shares during the period. Rockefeller Capital Management L.P.’s holdings in Walmart were worth $135,179,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its position in shares of Walmart by 188.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 352,724 shares of the retailer’s stock valued at $21,223,000 after buying an additional 230,511 shares in the last quarter. Soltis Investment Advisors LLC purchased a new position in shares of Walmart in the 1st quarter worth approximately $295,000. Railway Pension Investments Ltd raised its stake in shares of Walmart by 187.4% in the first quarter. Railway Pension Investments Ltd now owns 2,223,239 shares of the retailer’s stock valued at $133,772,000 after acquiring an additional 1,449,626 shares during the period. EverSource Wealth Advisors LLC raised its position in Walmart by 250.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 61,077 shares of the retailer’s stock worth $3,625,000 after purchasing an additional 43,670 shares during the period. Finally, OMC Financial Services LTD purchased a new stake in shares of Walmart in the first quarter worth approximately $1,923,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value 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 $49,198,598.40. This trade represents a 2.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. 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. Roth Mkm lifted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Stock Performance

NYSE:WMT opened at $91.88 on Friday. The firm has a market cap of $738.55 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $92.25. The firm’s fifty day moving average price is $83.08 and its 200 day moving average price is $74.60.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

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.