Walmart Inc. (NYSE:WMT) Shares Sold by AHL Investment Management Inc.

AHL Investment Management Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,235 shares of the retailer’s stock after selling 765 shares during the period. AHL Investment Management Inc.’s holdings in Walmart were worth $1,573,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Flynn Zito Capital Management LLC boosted its position in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC grew its stake in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares during the period. Rossmore Private Capital grew its stake in Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after buying an additional 65 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after buying an additional 65 shares during the period. Finally, Landmark Financial Advisors LLC grew its stake in Walmart by 1.0% during the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after buying an additional 70 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Walmart news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 of the company’s stock, valued at $32,239,034.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,540,863 shares of company stock worth $954,455,147. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT traded up $0.75 on Monday, reaching $68.70. The company had a trading volume of 17,362,991 shares, compared to its average volume of 17,333,799. The company has a fifty day moving average of $68.47 and a 200-day moving average of $62.88. The company has a market capitalization of $552.59 billion, a P/E ratio of 29.56, a PEG ratio of 3.91 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart Inc. has a one year low of $49.85 and a one year high of $71.33.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. BMO Capital Markets boosted their price objective on shares of Walmart from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 27th. The Goldman Sachs Group upped their target price on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $72.49.

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.