Douglas Lane & Associates LLC Sells 3,401 Shares of Walmart Inc. (NYSE:WMT)

Douglas Lane & Associates LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,755 shares of the retailer’s stock after selling 3,401 shares during the period. Douglas Lane & Associates LLC’s holdings in Walmart were worth $1,837,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Professional Financial Advisors LLC grew its holdings in Walmart by 0.6% during the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares in the last quarter. Trust Co of the South grew its stake in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares in the last quarter. LVZ Inc. grew its stake in shares of Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock worth $530,000 after acquiring an additional 143 shares in the last quarter. Delta Investment Management LLC raised its holdings in shares of Walmart by 0.4% in the second quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 148 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its position in shares of Walmart by 2.6% during the second quarter. Sage Rhino Capital LLC now owns 5,893 shares of the retailer’s stock valued at $399,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WMT. Deutsche Bank Aktiengesellschaft upped their price objective 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. Morgan Stanley upped their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Telsey Advisory Group lifted their price target on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada raised their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus target price of $82.32.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the sale, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,335,272 shares of company stock valued at $958,101,276. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Walmart stock opened at $80.10 on Monday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $644.29 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51. The firm’s 50 day simple moving average is $76.55 and its 200 day simple moving average is $68.93.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal 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.