Boston Family Office LLC Sells 306 Shares of Walmart Inc. (NYSE:WMT)

Boston Family Office LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 20,842 shares of the retailer’s stock after selling 306 shares during the quarter. Boston Family Office LLC’s holdings in Walmart were worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of WMT. WFA Asset Management Corp increased its holdings in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the period. Dupont Capital Management Corp grew its holdings in shares of Walmart by 165.4% during the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after purchasing an additional 168,346 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Walmart in the first quarter worth $25,000. Captrust Financial Advisors increased its stake in shares of Walmart by 156.9% in the 1st quarter. Captrust Financial Advisors now owns 968,579 shares of the retailer’s stock valued at $58,279,000 after purchasing an additional 591,611 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in shares of Walmart by 180.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 93,833 shares of the retailer’s stock worth $5,646,000 after buying an additional 60,408 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Morgan Stanley raised their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Guggenheim upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Walmart Stock Up 2.3 %

WMT opened at $90.44 on Monday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $90.91. The company has a market cap of $726.98 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $82.12 and a 200 day moving average of $73.94.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, 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 2.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

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.