Rossmore Private Capital Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Rossmore Private Capital lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,590 shares of the retailer’s stock after selling 768 shares during the period. Rossmore Private Capital’s holdings in Walmart were worth $5,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Anchor Capital Advisors LLC grew its stake in shares of Walmart by 159.0% in the first quarter. Anchor Capital Advisors LLC now owns 263,650 shares of the retailer’s stock valued at $15,864,000 after buying an additional 161,846 shares in the last quarter. Oxbow Advisors LLC grew its position in Walmart by 45.0% in the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock valued at $2,298,000 after acquiring an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock valued at $47,400,000 after purchasing an additional 105,430 shares during the period. Whalerock Point Partners LLC lifted its position in shares of Walmart by 213.5% during the first quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after purchasing an additional 20,167 shares in the last quarter. Finally, WFA Asset Management Corp lifted its position in shares of Walmart by 201.0% during the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. DA Davidson boosted their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein assumed coverage on Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price on the stock. Finally, UBS Group raised their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $84.15.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Trading Up 1.0 %

Walmart stock opened at $85.01 on Wednesday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.54. 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 has a market capitalization of $683.33 billion, a price-to-earnings ratio of 44.20, a PEG ratio of 4.21 and a beta of 0.51. The firm has a 50-day moving average price of $80.82 and a two-hundred day moving average price of $72.44.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $168.56 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Walmart 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.