Mattern Capital Management LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Mattern Capital Management LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,606 shares of the retailer’s stock after selling 2,527 shares during the quarter. Walmart makes up approximately 1.7% of Mattern Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Mattern Capital Management LLC’s holdings in Walmart were worth $13,373,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Modera Wealth Management LLC grew its stake in Walmart by 0.3% in the 3rd quarter. Modera Wealth Management LLC now owns 193,858 shares of the retailer’s stock worth $15,654,000 after acquiring an additional 644 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of Walmart by 0.4% in the third quarter. GHP Investment Advisors Inc. now owns 177,328 shares of the retailer’s stock valued at $14,319,000 after purchasing an additional 648 shares during the period. MCF Advisors LLC grew its stake in Walmart by 7.2% in the third quarter. MCF Advisors LLC now owns 19,280 shares of the retailer’s stock worth $1,557,000 after purchasing an additional 1,287 shares in the last quarter. Consolidated Portfolio Review Corp increased its holdings in Walmart by 3.6% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 4,787 shares of the retailer’s stock worth $387,000 after purchasing an additional 165 shares during the period. Finally, PFG Investments LLC lifted its holdings in shares of Walmart by 0.8% in the 3rd quarter. PFG Investments LLC now owns 103,593 shares of the retailer’s stock worth $8,365,000 after buying an additional 808 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,784,857 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on WMT shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Telsey Advisory Group boosted their price target on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Evercore ISI increased their price objective on shares of Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Finally, Jefferies Financial Group increased their target price on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $83.51.

Walmart Trading Down 0.6 %

NYSE WMT opened at $82.51 on Friday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $83.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $663.67 billion, a PE ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51. The company has a fifty day moving average of $79.09 and a 200 day moving average of $70.40.

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

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.