Woodson Capital Management LP Sells 193,600 Shares of Walmart Inc. (NYSE:WMT)

Woodson Capital Management LP cut its stake in Walmart Inc. (NYSE:WMT) by 70.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,400 shares of the retailer’s stock after selling 193,600 shares during the quarter. Walmart comprises approximately 1.3% of Woodson Capital Management LP’s holdings, making the stock its 25th largest holding. Woodson Capital Management LP’s holdings in Walmart were worth $6,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth about $26,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. Voisard Asset Management Group Inc. boosted its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Finally, Hoese & Co LLP bought a new position in Walmart in the 3rd quarter valued at $33,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 0.6 %

Shares of WMT opened at $91.88 on Friday. The company’s 50-day moving average price is $83.08 and its 200 day moving average price is $74.60. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.25. 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 firm has a market cap of $738.55 billion, a P/E ratio of 37.71, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51.

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

Analysts Set New Price Targets

Several research analysts recently commented on WMT shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. UBS Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, KeyCorp lifted their price objective on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Insider Activity

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

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.