Walmart Inc. (NYSE:WMT) Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,978 shares of the retailer’s stock after selling 2,135 shares during the period. Walmart comprises 1.9% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 13th largest holding. Financial & Tax Architects LLC’s holdings in Walmart were worth $7,040,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the 1st quarter worth $25,000. Northwest Capital Management Inc increased its holdings in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the second quarter worth about $29,000. Finally, Able Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth about $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 2.4 %

NYSE WMT opened at $78.62 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The business has a 50 day simple moving average of $72.90 and a 200 day simple moving average of $66.48. The stock has a market capitalization of $631.97 billion, a P/E ratio of 33.65, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results 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. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.61 earnings per share. Research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares in the company, valued at $270,851,892.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the completion of the transaction, the chief executive officer now directly owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The disclosure for this sale can be found here. Insiders have sold a total of 10,203,360 shares of company stock worth $788,678,803 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Roth Mkm lifted their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.99.

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.