Mutual of America Capital Management LLC Sells 7,800 Shares of Walmart Inc. (NYSE:WMT)

Mutual of America Capital Management LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 561,099 shares of the retailer’s stock after selling 7,800 shares during the quarter. Walmart comprises 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Mutual of America Capital Management LLC’s holdings in Walmart were worth $45,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oxbow Advisors LLC boosted its position in shares of Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after buying an additional 105,430 shares in the last quarter. Whalerock Point Partners LLC boosted its holdings 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 during the period. WFA Asset Management Corp boosted its holdings in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after buying an additional 1,397 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after acquiring an additional 809,352 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other 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 completion of the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMT. JPMorgan Chase & Co. increased their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Evercore ISI boosted their target price on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $85.18.

Walmart Price Performance

WMT opened at $84.25 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $81.29 and a 200 day moving average of $72.88. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The stock has a market cap of $677.22 billion, a P/E ratio of 43.80, a PEG ratio of 4.21 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly 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. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

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.