Crescent Sterling Ltd. Sells 385 Shares of Walmart Inc. (NYSE:WMT)

Crescent Sterling Ltd. lowered its position in Walmart Inc. (NYSE:WMT) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,018 shares of the retailer’s stock after selling 385 shares during the period. Crescent Sterling Ltd.’s holdings in Walmart were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Vanguard Group Inc. grew its position in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Swiss National Bank increased its stake in Walmart by 187.4% during the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Walmart by 284.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after purchasing an additional 8,225,552 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the sale, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the sale, the executive vice president now directly owns 632,415 shares in the company, valued at approximately $44,648,499. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,335,272 shares of company stock worth $958,101,276 over the last three months. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Guggenheim upped their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. TD Cowen increased their price objective on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Tigress Financial increased their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, DA Davidson increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note 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 company. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $82.96.

Walmart Price Performance

Shares of NYSE WMT opened at $81.71 on Wednesday. The firm has a 50-day simple moving average of $77.08 and a 200-day simple moving average of $69.23. The stock has a market capitalization of $656.81 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth 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. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.82.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal 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.