Letko Brosseau & Associates Inc. Sells 49,219 Shares of Walmart Inc. (NYSE:WMT)

Letko Brosseau & Associates Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000,086 shares of the retailer’s stock after selling 49,219 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Walmart were worth $67,716,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rossmore Private Capital grew its stake in Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares during the period. Sheaff Brock Investment Advisors LLC grew its position in shares of Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after buying an additional 65 shares during the period. Landmark Financial Advisors LLC increased its stake in shares of Walmart by 1.0% in the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after acquiring an additional 70 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of Walmart by 4.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after acquiring an additional 79 shares during the period. Finally, Lee Financial Co boosted its stake in Walmart by 2.1% during the fourth quarter. Lee Financial Co now owns 4,076 shares of the retailer’s stock worth $644,000 after acquiring an additional 82 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a 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 business’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 sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,144,237 shares of company stock worth $730,497,016. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WMT shares. Stifel Nicolaus lifted their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Roth Mkm boosted their target price on Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. UBS Group increased their price target on Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays raised their price objective on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, HSBC upped their target price on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

WMT stock traded down $0.32 during midday trading on Friday, hitting $76.64. The company’s stock had a trading volume of 14,548,588 shares, compared to its average volume of 17,411,770. The stock’s 50-day moving average price is $71.45 and its 200 day moving average price is $65.38. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a market cap of $616.05 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 3.87 and a beta of 0.51. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $77.81.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $168.56 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

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.