Walmart Inc. (NYSE:WMT) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 14.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,343 shares of the retailer’s stock after selling 3,264 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Walmart were worth $1,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the 3rd quarter worth $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the 3rd quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.5 %

Walmart stock traded up $0.47 during midday trading on Thursday, reaching $94.02. The stock had a trading volume of 8,353,514 shares, compared to its average volume of 16,919,123. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 1-year low of $51.21 and a 1-year high of $96.18. The stock has a market capitalization of $755.30 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. The firm’s fifty day simple moving average is $86.99 and its 200-day simple moving average is $77.64.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,412 shares of company stock valued at $12,228,259. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WMT shares. KeyCorp raised their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Morgan Stanley boosted their target price on Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

About Walmart

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.