Stoneridge Investment Partners LLC Sells 600 Shares of Walmart Inc. (NYSE:WMT)

Stoneridge Investment Partners LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,844 shares of the retailer’s stock after selling 600 shares during the period. Stoneridge Investment Partners LLC’s holdings in Walmart were worth $396,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Able Wealth Management LLC acquired a new position in Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Tidemark LLC bought a new position in shares of Walmart in the 4th quarter worth $37,000. Frank Rimerman Advisors LLC acquired a new stake in Walmart in the 4th quarter valued at $48,000. Finally, Private Wealth Management Group LLC bought a new stake in Walmart during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart 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 value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the transaction, the executive vice president now directly owns 645,540 shares in the company, valued at approximately $44,025,828. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,203,360 shares of company stock worth $788,678,803. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

WMT opened at $80.60 on Friday. The firm has a 50-day moving average price of $72.51 and a 200-day moving average price of $66.09. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $80.68. 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 company has a market capitalization of $647.88 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. Equities analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Bank of America lifted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Jefferies Financial Group increased their price objective on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Raymond James lifted their target price on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Evercore ISI increased their price target on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.99.

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.