Kampmann Melissa S. Reduces Position in Walmart Inc. (NYSE:WMT)

Kampmann Melissa S. cut its stake in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 68,157 shares of the retailer’s stock after selling 425 shares during the period. Walmart comprises about 3.9% of Kampmann Melissa S.’s holdings, making the stock its 6th largest position. Kampmann Melissa S.’s holdings in Walmart were worth $5,504,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of WMT. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Hoese & Co LLP purchased a new position in Walmart in the 3rd quarter worth about $33,000. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC boosted its holdings in shares of 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 during the last quarter. Finally, Cultivar Capital Inc. bought a new stake in shares of Walmart in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research reports. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $83.92.

Walmart Trading Up 1.2 %

WMT opened at $84.83 on Friday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $85.54. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $80.53 and a 200 day moving average of $71.92. The firm has a market cap of $681.88 billion, a P/E ratio of 44.11, a P/E/G ratio of 4.25 and a beta of 0.51.

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

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction 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 in the company, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last quarter. Insiders own 45.58% of the company’s stock.

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.