Clearview Wealth Advisors LLC Cuts Position in Walmart Inc. (NYSE:WMT)

Clearview Wealth Advisors LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,837 shares of the retailer’s stock after selling 233 shares during the period. Clearview Wealth Advisors LLC’s holdings in Walmart were worth $794,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WMT. Investment Advisory Group LLC increased its stake in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares during the last quarter. Professional Financial Advisors LLC grew its position in shares of Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the last quarter. Trust Co of the South grew its position in shares of Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares during the last quarter. LVZ Inc. grew its position in shares of Walmart by 1.9% during the second quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after acquiring an additional 143 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC lifted its holdings in shares of Walmart by 1.1% during the third quarter. Ullmann Wealth Partners Group LLC now owns 13,036 shares of the retailer’s stock worth $1,053,000 after purchasing an additional 147 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

Walmart stock opened at $81.71 on Wednesday. The stock’s 50 day moving average price is $77.08 and its 200 day moving average price is $69.23. Walmart Inc. has a one year low of $49.85 and a one year high of $81.82. The firm has a market capitalization of $656.81 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. 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 (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period in the prior year, the company posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WMT shares. JPMorgan Chase & Co. increased their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Morgan Stanley lifted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus lifted their price objective on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their price target on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $82.96.

Insider Activity

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s 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 in the company, valued at approximately $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,335,272 shares of company stock worth $958,101,276. 45.58% of the stock is currently owned by insiders.

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.