Ameritas Advisory Services LLC Sells 11,432 Shares of Walmart Inc. (NYSE:WMT)

Ameritas Advisory Services LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 10.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,188 shares of the retailer’s stock after selling 11,432 shares during the period. Ameritas Advisory Services LLC’s holdings in Walmart were worth $7,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new stake in Walmart during the 3rd quarter valued at about $33,000. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC grew its stake 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 purchasing an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter valued at about $29,000. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 0.7 %

Shares of WMT traded up $0.57 during midday trading on Tuesday, hitting $83.02. 748,493 shares of the stock were exchanged, compared to its average volume of 16,747,131. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The stock has a fifty day simple moving average of $79.93 and a 200 day simple moving average of $71.41. The firm has a market cap of $667.34 billion, a P/E ratio of 42.87, a P/E/G ratio of 4.12 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

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

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,334,337 shares of company stock worth $958,577,287. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. 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. Bank of America upped their target price on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets reiterated an “outperform” rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. Finally, Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 target price for the company. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $83.89.

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.