Lee Financial Co lessened its stake in shares of Walmart Inc (NYSE:WMT) by 37.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,081 shares of the retailer’s stock after selling 1,231 shares during the quarter. Lee Financial Co’s holdings in Walmart were worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WMT. James Investment Research Inc. bought a new stake in shares of Walmart during the 2nd quarter valued at about $27,182,000. Eagle Capital Management LLC bought a new stake in shares of Walmart during the 2nd quarter valued at about $2,281,000. Heritage Investors Management Corp boosted its stake in shares of Walmart by 2.7% during the 2nd quarter. Heritage Investors Management Corp now owns 233,610 shares of the retailer’s stock valued at $20,009,000 after purchasing an additional 6,244 shares in the last quarter. Somerset Trust Co bought a new stake in shares of Walmart during the 2nd quarter valued at about $1,678,000. Finally, Huntington National Bank boosted its stake in shares of Walmart by 10.3% during the 2nd quarter. Huntington National Bank now owns 211,582 shares of the retailer’s stock valued at $18,122,000 after purchasing an additional 19,717 shares in the last quarter. Hedge funds and other institutional investors own 29.09% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “neutral” rating and set a $95.00 target price on shares of Walmart in a research note on Friday, August 17th. Raymond James lowered shares of Walmart from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $100.00 to $107.00 in a research note on Friday, August 17th. Jefferies Financial Group reissued a “buy” rating and set a $112.00 price objective on shares of Walmart in a research note on Monday, August 20th. Zacks Investment Research lowered shares of Walmart from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price objective on shares of Walmart in a research note on Tuesday, August 7th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $104.13.

In other news, insider John R. Furner sold 9,623 shares of the company’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $94.04, for a total value of $904,946.92. Following the transaction, the insider now owns 165,402 shares in the company, valued at $15,554,404.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Alice L. Walton sold 525,008 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $95.34, for a total transaction of $50,054,262.72. Following the completion of the transaction, the insider now owns 8,748,580 shares in the company, valued at approximately $834,089,617.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,433,931 shares of company stock worth $803,955,004. Insiders own 51.11% of the company’s stock.

Shares of NYSE WMT opened at $96.78 on Tuesday. The company has a market capitalization of $289.40 billion, a PE ratio of 21.90, a PEG ratio of 4.01 and a beta of 0.35. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $109.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, research analysts anticipate that Walmart Inc will post 4.79 earnings per share for the current year.

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About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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