Seamount Financial Group Inc. Sells 224 Shares of Walmart Inc. (NYSE:WMT)

Seamount Financial Group Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 1.9% during the 3rd quarter, Holdings Channel reports. The firm owned 11,623 shares of the retailer’s stock after selling 224 shares during the quarter. Seamount Financial Group Inc.’s holdings in Walmart were worth $939,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in Walmart during the 2nd quarter worth about $29,000. FSA Wealth Management LLC increased its position in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. raised its stake in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now directly owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $81.31 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.82. The stock’s 50 day moving average price is $77.90 and its two-hundred day moving average price is $69.61. The firm has a market capitalization of $653.59 billion, a price-to-earnings ratio of 42.28, a P/E/G ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Roth Mkm raised their price target on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Bank of America upped their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $82.96.

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.