Walmart Inc. (NYSE:WMT) Holdings Trimmed by Whitener Capital Management Inc.

Whitener Capital Management Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,172 shares of the retailer’s stock after selling 256 shares during the period. Walmart comprises approximately 4.6% of Whitener Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Whitener Capital Management Inc.’s holdings in Walmart were worth $16,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. WFA Asset Management Corp increased its holdings in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after purchasing an additional 1,397 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Walmart by 190.3% in the 1st quarter. State of Alaska Department of Revenue now owns 551,393 shares of the retailer’s stock worth $33,176,000 after acquiring an additional 361,482 shares during the last quarter. Svenska Handelsbanken AB publ purchased a new position in Walmart during the first quarter worth about $41,315,000. BluePath Capital Management LLC raised its position in shares of Walmart by 338.0% during the 1st quarter. BluePath Capital Management LLC now owns 9,982 shares of the retailer’s stock valued at $601,000 after buying an additional 7,703 shares during the period. Finally, E&G Advisors LP lifted its stake in shares of Walmart by 211.5% in the 1st quarter. E&G Advisors LP now owns 10,691 shares of the retailer’s stock valued at $643,000 after purchasing an additional 7,259 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.3 %

Shares of Walmart stock opened at $82.19 on Friday. The firm has a market cap of $660.66 billion, a price-to-earnings ratio of 42.81, a price-to-earnings-growth ratio of 4.10 and a beta of 0.51. The company’s 50-day simple moving average is $79.80 and its 200-day simple moving average is $71.17. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Guggenheim upped their price target on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Telsey Advisory Group boosted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Bank of America increased their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Sanford C. Bernstein assumed coverage on shares of Walmart in a report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Finally, Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average target price of $83.89.

Insider Activity

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly 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. In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’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 owns 630,501,148 shares in the company, valued at $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 sold 12,334,337 shares of company stock worth $958,577,287 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

About Walmart

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.