MAI Capital Management Has $36.54 Million Holdings in Walmart Inc. (NYSE:WMT)

MAI Capital Management lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 452,464 shares of the retailer’s stock after selling 16,121 shares during the quarter. MAI Capital Management’s holdings in Walmart were worth $36,536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. TruNorth Capital Management LLC lifted its position in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at about $29,000. Finally, FSA Wealth Management LLC boosted its holdings in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Shares of Walmart stock opened at $84.25 on Monday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $85.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s 50 day simple moving average is $81.29 and its 200 day simple moving average is $72.98. The firm has a market cap of $677.22 billion, a PE ratio of 43.80, a P/E/G ratio of 4.20 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Evercore ISI upped their target price on shares of Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group reiterated an “outperform” rating and issued a $92.00 target price on shares of Walmart in a research note on Wednesday, November 13th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $80.00 target price on shares of Walmart in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $85.18.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

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.