Victory Capital Management Inc. Trims Stake in Walmart Inc. (NYSE:WMT)

Victory Capital Management Inc. cut its stake in shares of Walmart Inc. (NYSE:WMT) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,548,782 shares of the retailer’s stock after selling 167,873 shares during the period. Victory Capital Management Inc.’s holdings in Walmart were worth $205,814,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sustainable Insight Capital Management LLC bought a new stake in Walmart during the 1st quarter worth approximately $723,000. Anchor Capital Advisors LLC raised its position in shares of Walmart by 159.0% during the 1st quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock valued at $15,864,000 after purchasing an additional 161,846 shares during the period. Oxbow Advisors LLC lifted its stake in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after buying an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Walmart by 21.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after buying an additional 105,430 shares in the last quarter. Finally, Whalerock Point Partners LLC increased its stake in Walmart by 213.5% in the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after buying an additional 20,167 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 1.1 %

WMT traded up $0.96 on Tuesday, reaching $85.17. 2,669,801 shares of the company traded hands, compared to its average volume of 16,684,426. The company has a market cap of $684.62 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. 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 Inc. has a one year low of $49.85 and a one year high of $85.54. The firm has a fifty day simple moving average of $80.67 and a two-hundred day simple moving average of $72.27.

Walmart (NYSE:WMT) last announced its quarterly 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. The firm 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%. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their price objective on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Melius Research assumed coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Finally, UBS Group boosted their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $84.15.

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.