Walmart Inc. (NYSE:WMT) is Greystone Financial Group LLC’s 10th Largest Position

Greystone Financial Group LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,480 shares of the retailer’s stock after selling 3,586 shares during the quarter. Walmart makes up about 2.4% of Greystone Financial Group LLC’s holdings, making the stock its 10th biggest position. Greystone Financial Group LLC’s holdings in Walmart were worth $12,220,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WMT. Vanguard Group Inc. lifted its position in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after acquiring an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Bank of New York Mellon Corp boosted its stake in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Norges Bank acquired a new position in shares of Walmart in the 4th quarter valued at $3,674,652,000. Finally, Raymond James & Associates boosted its position in shares of Walmart by 16.0% during the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after acquiring an additional 2,246,656 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.4 %

Shares of NYSE:WMT traded down $0.32 during midday trading on Friday, hitting $76.64. The company had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The firm has a fifty day simple moving average of $71.45 and a 200 day simple moving average of $65.38. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $77.81.

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

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,144,237 shares of company stock worth $730,497,016. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. DA Davidson upped their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Guggenheim increased their price objective on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. UBS Group boosted their target price on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp increased their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Robert W. Baird boosted their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

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.