Walmart Inc. (NYSE:WMT) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,523 shares of the retailer’s stock after selling 3,708 shares during the quarter. Hemenway Trust Co LLC’s holdings in Walmart were worth $2,608,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in WMT. AHL Investment Management Inc. boosted its stake in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. raised its stake in Walmart by 38.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after acquiring an additional 420 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in shares of Walmart in the first quarter valued at about $270,000. Commerce Bank lifted its holdings in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after buying an additional 200,947 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares in the company, valued at approximately $32,239,034.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,144,237 shares of company stock valued at $730,497,016. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5 %

NYSE:WMT traded down $0.40 during midday trading on Friday, reaching $76.56. The company had a trading volume of 2,859,480 shares, compared to its average volume of 17,339,762. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $77.81. The firm has a market capitalization of $615.41 billion, a price-to-earnings ratio of 32.96, 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. The stock’s fifty day simple moving average is $71.27 and its 200-day simple moving average is $65.24.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. DA Davidson boosted their target price 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. Roth Mkm upped their target price on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Telsey Advisory Group boosted their price target on Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, August 16th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Finally, TD Cowen lifted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price 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.