Private Harbour Investment Management & Counsel LLC Sells 361 Shares of Walmart Inc. (NYSE:WMT)

Private Harbour Investment Management & Counsel LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,253 shares of the retailer’s stock after selling 361 shares during the quarter. Walmart accounts for about 2.2% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 17th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Walmart were worth $2,120,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. AHL Investment Management Inc. increased its position in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the period. Liberty Wealth Management LLC purchased a new position in Walmart during the first quarter valued at approximately $270,000. Commerce Bank grew its stake in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Walmart by 290.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares during the period. Finally, Private Advisor Group LLC lifted its stake in Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Oppenheimer boosted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday. KeyCorp boosted their target price on Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday. Royal Bank of Canada raised their price target on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Wells Fargo & Company raised their target price on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Evercore ISI increased their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. One research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $82.96.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a 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 owns 606,165 shares in the company, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,267,901. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.1 %

Shares of NYSE:WMT traded down $0.07 during trading on Thursday, hitting $81.15. The stock had a trading volume of 725,021 shares, compared to its average volume of 17,114,766. The company has a market capitalization of $652.30 billion, a PE ratio of 42.23, a PEG ratio of 4.02 and a beta of 0.51. 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 firm’s fifty day moving average is $77.37 and its 200 day moving average is $69.31. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82.

Walmart (NYSE:WMT) last announced 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 during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.